William Saleh Acquires Retail Property In Sunset Park, Brooklyn For $2.275M
5003 5th Avenue, Sunset Park, Brooklyn, NY, USA
$2,275,000
$957/SF
Building Size
2,375 SF
Asset Type
Retail
Closing
Nov 12, 2021
About this deal
AI
Located in Sunset Park, Brooklyn, the retail property at 5003 5th Avenue has been sold in a transaction that took place on November 12, 2021. The property spans a total area of 2,375 square feet and was sold for a price of $2,275,000, resulting in a price per square foot of $957. The deal was facilitated by brokers John Brennan and Matt Dittmeier from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,275,000
- Address: 5003 5th Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The buyer of the property was William Saleh, while the sellers were Wendy Vinokur and Lori Zerner. John Brennan and Matt Dittmeier from Marcus & Millichap represented both the buyer and seller in the transaction.
Players
New York 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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93