Boruch Okunov Acquires Retail Property On Bedford Avenue In Prospect Lefferts Garden For $4.3M
2018 Bedford Avenue, Little Caribbean, Brooklyn, NY, USA
$4,300,000
$689/SF
Building Size
6,240 SF
Asset Type
Retail
Closing
Jan 30, 2020
About this deal
AI
The retail property located at 2018-2034 Bedford Avenue in Prospect Lefferts Garden has been sold in a recent transaction. The property spans 6,240 square feet and is situated in a prime location. The sale price for this retail asset was $4,300,000, with an original asking price of $4,700,000. The price per square foot comes out to be $689, and there are a total of 8 units within the property, making the price per unit $537,500.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,300,000
- Square Footage: 6,240
- Asking Price: $4,700,000
- Price per Square Foot: $689
- Units: 8
- Price per Unit: $537,500
The seller of this retail property was George Kondos, while the buyer was Boruch Okunov. representing the buyer in this transaction is Marcel Fridman from Barcel Group.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93