Odiljon Tursunov Purchases Retail Property In Brooklyn For $34 Million
SOLD
$34,000,000
New York
See Similar DealsRetail
Sold 12/23/2022
SOLD
Odiljon Tursunov Purchases Retail Property In Brooklyn For $34 Million
1100 Kings Hwy, Brooklyn, NY, 11229
See Similar DealsRetail
Sold 12/23/2022
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
The property at 1100 Kings Hwy, Brooklyn, NY, 11229, located in the Brooklyn market, was sold for $34,000,000.00. The transaction took place on December 23, 2022. The asset type is a Retail property. The buyer of the property was Odiljon Tursunov, represented by Mark Kapnick from Lee & Associates.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $34,000,000.00
- Address: 1100 Kings Hwy, Brooklyn, NY, 11229
- Market: Brooklyn
- Buyer: Odiljon Tursunov
- Buyer's Rep: Mark Kapnick (Lee & Associates)
The deal's key individuals in this transaction were Odiljon Tursunov as the buyer and Mark Kapnick from Lee & Associates as the buyer's representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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