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Jing Cong Wu Purchases Mixed-Use Property At 5915 7th Avenue Brooklyn For $3.6M
SOLD
$3,600,000
New York
See Similar DealsMixed-use3,000 SF
Sold
SOLD
Jing Cong Wu Purchases Mixed-Use Property At 5915 7th Avenue Brooklyn For $3.6M
5915 7th Avenue
See Similar DealsMixed-use3,000 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1200
Total Square Footage:3000 SF
Transaction Type:Sale
A mixed-use property located at 5915 7th Avenue in Sunset Park, Brooklyn was sold for $3,600,000. The total area of the property is 3,000 square feet, translating to a price per square foot of $1,200.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Address: 5915 7th Avenue
- Market: Sunset Park, Brooklyn
- Square Footage: 3,000 SF
- Price per Square Foot: $1,200
- Buyer: Jing Cong Wu
- Seller: Jui Hsiung Fan & Chun-Tai Fan
Jing Cong Wu acquired the property from sellers Jui Hsiung Fan and Chun-Tai Fan on February 25, 2026, securing ownership of a significant mixed-use asset in a prominent Brooklyn neighborhood.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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