Musleh Alomari Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $2.25M
SOLD
$2,250,000
+ 3
New York
See Similar DealsMixed-use5,856 SF
Sold 09/19/2023
SOLD
Musleh Alomari Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $2.25M
6801 4th Avenue
See Similar DealsMixed-use5,856 SF
Sold 09/19/2023
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$384
Total Square Footage:5,856 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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