facebook
Traded Co logo
Submit

Abraham Lazer Kviat Acquires Retail Property In Borough Park, Brooklyn For $5.5M

Property Image
SOLD
$5,500,000

New York

See Similar Deals
Retail9,425 SF
Sold 11/12/2021
the dealplayerscompscontact
Property Image
SOLD

Abraham Lazer Kviat Acquires Retail Property In Borough Park, Brooklyn For $5.5M

1462 39th Street, Brooklyn, New York 11218, United States

See Similar Deals
Retail9,425 SF
Sold 11/12/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$583
Total Square Footage:9,425 SF
Transaction Type:Sale

The retail property located at 1462 39th Street in Borough Park, Brooklyn was sold on November 12, 2021. The property has a total square footage of 9,425 and sits on a lot size measuring 100 ft x 95.17 ft. The zoning for the property is M1-2, which allows for various commercial and light industrial uses.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Buyer: Abraham Lazer Kviat
  • Seller: Abraham Malek
  • Building Square Footage: 18,850
  • Price per Building Square Foot: $292
  • Price per Square Foot: $584
  • Floor-Area Ratio (FAR): 1.00
  • Tax: 4
  • Last Sale Price: $0 (10/7/2013)

Abraham Lazer Kviat was the buyer of the property, while Abraham Malek acted as the seller. This transaction represents a significant deal in the Borough Park market, showcasing the demand for retail properties in the area.

Players

AK
Abraham Lazer Kviat
3 deals$15.2M volume
BUYER

Details

SOLD
IMAGE: 11/12/2021 ADDRESS: 1462 39th Street MARKET: Borough Park,Brooklyn ASSET TYPE: Retail ~ ZONING: M1-2 BUYER: Abraham Lazer Kviat SELLER: Abraham Malek PRICE: $5,500,000 BSF: 18,850 ~ PPBSF: $292 SF: 9,425 ~ PPSF: $584 FAR: 1.00 TAX: 4 LOT SIZE: 9,425 LAST SALE PRICE: $0 (10/7/2013) LOT DIMENSION: 100 ft x 95.17 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67