Odiljon Tursunov Purchases Retail Property In Brooklyn For $34 Million
1100 Kings Hwy, Brooklyn, NY, 11229
$34,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 23, 2022
About this deal
AI
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.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93