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
About this deal
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.
On the Map
$1,550,000
$344/SF
Mixed-use
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Players
Brooklyn 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93