Verv Capital Acquires Retail Property In East Flatbush With $5M Loan
9102 Church Avenue
$5,000,000
$243/SF
Building Size
20,500 SF
Asset Type
Retail
Closing
Mar 23, 2022
About this deal
AI
An acquisition loan of $5,000,000 has been secured for a retail property located at 9102 Church Ave in East Flatbush. The property spans across 20,500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 9102 Church Ave
- Market: East Flatbush
- Landlord: Verv Capital - Edward Cohen & Jeffrey Chera
- Brokers: Richard Sutton & Yaakov Zar - Lev Capital
Edward Cohen and Jeffrey Chera from Verv Capital are the landlords of the property. The acquisition loan was brokered by Richard Sutton and Yaakov Zar from Lev Capital.
On the Map
$5,000,000
$243/SF
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Yaakov Zar to view all their deals.
Browse Brooklyn retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93