Lucky Corner Acquires Brooklyn Property From U-West Realty For $3 Million With Rep Illya Gamer
135 Avenue U, Brooklyn, NY, 11223
$3,000,000
$588/SF
Building Size
5,100 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 135 Avenue U, Brooklyn, NY, 11223. The market for this property is Brooklyn, and it has a total square footage of 5,100. The transaction was finalized for a price of $3,000,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,000,000.00
- Address: 135 Avenue U, Brooklyn, NY, 11223
- Market: Brooklyn
- Seller: U-West Realty
- Buyer: Lucky Corner
- Seller's Representative: Illya Gamer - Eastern Consolidated
In this transaction, the seller was represented by Illya Gamer from Eastern Consolidated. The buyer, Lucky Corner, engaged in this deal facilitated by the seller's representative, ensuring the transaction proceeded efficiently.
On the Map
$3,000,000
$588/SF
Retail
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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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93