Resk Ali Acquires Mixed-Use Property In Sunset Park For $3M
4301 4th Avenue, Brooklyn, New York 11232, United States
$3,000,000
$615/SF
Building Size
4,871 SF
Asset Type
MultiFamily
Closing
Apr 26, 2022
AI
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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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93