Albert Zavurov Acquires Retail Property In Midwood, Brooklyn For $3.25M
1378 Coney Island Avenue, Brooklyn, New York 11230, United States
$3,250,000
$541/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Jun 20, 2022
AI
The retail property located at 1378-1384 Coney Island Ave in Midwood, Brooklyn has been sold for a price of $3,250,000. The property spans across 6,000 square feet, resulting in a price per square foot of $541. The transaction took place on June 21, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,250,000
- Property Size: 6,000 square feet
- Price per Square Foot: $541
- Address: 1378-1384 Coney Island Ave, Midwood, Brooklyn
- Market: Midwood, Brooklyn
The buyer of the property is Albert Zavurov, while Joseph Mazzaferro is the seller. The deal was facilitated by Arsen Atbashyan of Commercial Acquisitions acting as the broker.
Players
New York 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93