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1410 61st Street, Brooklyn,...

Yona Slomovic Acquires Retail Property In Boro Park, Brooklyn For $2.75M
SOLDRetail

Yona Slomovic Acquires Retail Property In Boro Park, Brooklyn For $2.75M

1410 61st Street, Brooklyn, NY 11219

$2,750,000

$500/SF

Building Size

5,500 SF

Asset Type

Retail

Closing

Oct 31, 2018

AI

Located in Boro Park, Brooklyn, the retail property at 1410 61st Street was recently sold in a transaction. The property spans approximately 5,500 square feet and was sold for a price of $2,750,000, resulting in a per square foot price of $500.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,750,000
  • Address: 1410 61st Street
  • Market: Boro Park, Brooklyn

Dallas Toto was the seller of the property, while Yona Slomovic was the buyer. Both parties were represented by Anthony Ferraro Jr. from Four Seasons Realty Co.

This deal underscores the importance of having a knowledgeable and skilled broker like Anthony Ferraro Jr. in the transaction. He successfully represented both the seller and the buyer throughout the sale process.

Players

Anthony Ferraro Jr.

4 Seasons Realty

Broker

$8M

vol

5 deals

Broker

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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93