Yong Xiang Li Acquires Brooklyn Mixed-Use Property For $1.43M With Samuel Finkler & John Brennan
6705 11th Ave, Brooklyn, NY 11219, USA
$1,435,000
$29/SF
Building Size
48,000 SF
Asset Type
Mixed-use
Closing
Jun 2, 2019
About this deal
AI
A mixed-use property located at 6705 11th Avenue in Brooklyn's Dyker Heights neighborhood has recently been sold for $1,435,000. The property spans 4,800 square feet, with a price per square foot of $299. It consists of six units, with an average price per unit of $239,167.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,435,000
- Square Footage: 4,800
- Price Per Square Foot: $299
- Number of Units: 6
- Price Per Unit: $239,167
- Address: 6705 11th Avenue, Brooklyn, Dyker Heights
- Seller: Anthony Onorato
- Buyer: Yong Xiang Li
- Broker: Marcus & Millichap – John Brennan & Samuel Finkler
The sale of the mixed-use property at 6705 11th Avenue was facilitated by Marcus & Millichap brokers John Brennan and Samuel Finkler. They represented the buyer and seller, Yong Xiang Li and Anthony Onorato, respectively.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.05%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93