SOLDRetail
Semyon Vays Acquires Retail Properties In Mill Basin For $6.7M
2475 Avenue U, Brooklyn, NY 11234, USA
$6,675,000
$35/SF
Building Size
186,860 SF
Asset Type
Retail
Closing
Apr 23, 2020
About this deal
AI
The property at 5101 Avenue U and 2475 Flatbush Avenue in Mill Basin has been sold in a closed transaction. The retail asset spans a total of 18,686 square feet. The sale price for the property was $6,675,000, resulting in a price per square foot of $357.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $6,675,000
- Address: 5101 Avenue U, 2475 Flatbush Avenue, 2461 Flatbush Avenue
- Market: Mill Basin
- Square Footage: 18,686
The buyer of the property is Semyon Vays, while the seller was Thaler Realty Corp.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.38%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93