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6801 4th Avenue

Musleh Alomari Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $2.25M
SOLDMixed-use

Musleh Alomari Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $2.25M

6801 4th Avenue

$2,250,000

$384/SF

Building Size

5,856 SF

Asset Type

Mixed-use

Closing

Sep 19, 2023

AI

The mixed-use property located at 6801 4th Avenue in Bay Ridge, Brooklyn has been sold for $2,250,000. The property spans 5,856 square feet, resulting in a price per square foot of $384.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,250,000
  • Address: 6801 4th Avenue, Bay Ridge, Brooklyn
  • Market: Bay Ridge, Brooklyn
  • Buyer: Musleh Alomari
  • Seller: Mario & Joe Traina
  • Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, & Andrew Cipolli - Investment Property Realty Group (IPRG)
  • Square Footage: 5,856
  • Price per Square Foot: $384

Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Andrew Cipolli from Investment Property Realty Group (IPRG) served as the brokers in this transaction.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Musleh Alomari

Buyer

$2.3M

vol

2 deals

Buyer

Market 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93