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
About this deal
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.
On the Map
$2,250,000
$384/SF
Mixed-use
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Players
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