Resk Ali Acquires Mixed-Use Property In Sunset Park For $3M
SOLD
$3,000,000
New York
See Similar DealsMultiFamily4,871 SF
Sold 04/27/2022
SOLD
Resk Ali Acquires Mixed-Use Property In Sunset Park For $3M
4301 4th Avenue, Brooklyn, New York 11232, United States
See Similar DealsMultiFamily4,871 SF
Sold 04/27/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$615
Total Square Footage:4,871 SF
Transaction Type:Sale
Romain Sinclair of Greysteel represented the buyer, Resk Ali, in the sale of a mixed-use property located at 4301 4th Ave. in the Sunset Park market. The property was sold by the Lee Family for a price of $3,000,000, with a total square footage of 4,875. The sale price per square foot was $615.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Buyer: Resk Ali
- Seller: Lee Family
- Broker: Romain Sinclair - Greysteel
This transaction involved the sale of a mixed-use property in Sunset Park. Romain Sinclair of Greysteel represented the buyer, Resk Ali, in the deal. The property is located at 4301 4th Ave. and has a total square footage of 4,875. The sale price per square foot was $615.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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