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.
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