Yona Slomovic Acquires Retail Property In Boro Park, Brooklyn For $2.75M
SOLD
$2,750,000
New York
See Similar DealsRetail5,500 SF
Sold
SOLD
Yona Slomovic Acquires Retail Property In Boro Park, Brooklyn For $2.75M
1410 61st Street, Brooklyn, NY 11219
See Similar DealsRetail5,500 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$500
Total Square Footage:5500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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