Hezi Salman Acquires Retail Property On Kings Highway In New York City For $1.65M
1813 Kings Highway
$1,650,000
$366/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Dec 29, 2022
About this deal
AI
The retail property located at 1813 Kings Highway in New York City has been sold for a total price of $1,650,000. The property spans an area of 4,500 square feet, resulting in a price per square foot of $367. The transaction took place on 12/29/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,650,000
- Square Footage: 4,500
- Price Per Square Foot: $367
- Market: New York City
The buyer of the property is Hezi Salman. The deal was facilitated by Haritini Pandis from Compass brokerage.
On the Map
$1,650,000
$366/SF
Retail
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Players
Brooklyn 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93