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Lan Chen Acquires Retail Property At 4602 8th Avenue In Brooklyn For $3.85M
SOLD
$3,850,000
New York
See Similar DealsRetail3,940 SF
Sold 05/28/2026
SOLD
Lan Chen Acquires Retail Property At 4602 8th Avenue In Brooklyn For $3.85M
4602 8th Avenue
See Similar DealsRetail3,940 SF
Sold 05/28/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$977
Total Square Footage:3,940 SF
Transaction Type:Sale
Lan Chen has acquired a retail property located at 4602 8th Avenue in Brooklyn's Sunset Park neighborhood. The asset spans 3,940 square feet and was sold for $3,850,000, equating to a price of $977 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,850,000
- Square Footage: 3,940
- Address: 4602 8th Avenue
- Market: Sunset Park, Brooklyn
- Price Per Square Foot: $977
- Buyer: Lan Chen
- Seller: Lavinia Chan
The transaction was facilitated between buyer Lan Chen and seller Lavinia Chan, marking a significant closed deal in the retail asset market of Sunset Park.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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