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9402 Ft. Hamilton Pkwy

Kun Lam And Lingling Weng Acquire Mixed-Use Property At 9402 Ft. Hamilton Pkwy For $1.55M
SOLDMixed-use

Kun Lam And Lingling Weng Acquire Mixed-Use Property At 9402 Ft. Hamilton Pkwy For $1.55M

9402 Ft. Hamilton Pkwy

$1,550,000

$344/SF

Building Size

4,500 SF

Asset Type

Mixed-use

Closing

Mar 26, 2021

AI

The property asset involved in the transaction is a mixed-use building located at 9402 Ft. Hamilton Pkwy, Brooklyn. The sale occurred on March 26, 2021, with a transaction amount of $1,550,000.00 for a total square footage of 4,500.0.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,550,000.00
  • Address: 9402 Ft. Hamilton Pkwy
  • Market: Brooklyn
  • Square Footage: 4,500.0
  • Buyer: Kun Lam and Lingling Weng
  • Broker: Evmorfea Maria Savidis

The deal was facilitated by broker Evmorfea Maria Savidis, who represented the transaction. The buyers of the property are Kun Lam and Lingling Weng, indicating their engagement in securing this mixed-use asset in Brooklyn.

Players

Evmorfea Maria Savidis

Morsav, Inc.

Broker

$49.1M

vol

15 deals

Broker

Kun Lam

Buyer
Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93