Thomas Lauro Sells Retail Property At 2702 Emmons Ave Brooklyn For $7.9M
2702 Emmons Ave
$7,900,000
$1,203/SF
Building Size
6,563 SF
Asset Type
Retail
Closing
Aug 2, 2018
About this deal
AI
The retail property located at 2702 Emmons Ave in Brooklyn has been sold for $7,900,000.00. The asset spans an area of 6,563 square feet and is situated in a notable market for retail spaces.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,900,000.00
- Address: 2702 Emmons Ave
- Market: Brooklyn
- Square Footage: 6,563.0
- Seller: Thomas Lauro
- Broker: Evmorfea Maria Savidis
Thomas Lauro was the seller in this transaction, and Evmorfea Maria Savidis acted as the representative for the broker involved in the deal. The transaction closed on August 2, 2018.
On the Map
$7,900,000
$1,203/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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93