Zhouhua Ni Acquires Mixed-Use Property In Bensonhurst For $1.25M
6814 18th Ave, Brooklyn, NY 11204, USA
$1,250,000
$735/SF
Building Size
1,700 SF
Asset Type
Mixed-use
Closing
Aug 8, 2019
About this deal
AI
Located in Bensonhurst, the mixed-use property at 6814 18th Avenue has recently been sold in a closed transaction. The property, spanning 1,700 square feet, was sold at a price of $1,250,000, resulting in a price per square foot of $735.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $1,250,000
- Square Footage: 1,700
- Address: 6814 18th Avenue
- Market: Bensonhurst
The seller of the property was Jan San Enterprises, represented by Sal Agro and Janice Perrone. Zhouhua Ni acted as the buyer in this transaction. Gregory Melanson and Michael Cimino from the McImino18 agency served as the brokers in this deal.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93