MCB 5102-13th Ave Brooklyn LLC Acquires Retail Property In Borough Park For $13.2M
5102 13th Avenue, Brooklyn, New York 11219, United States
$13,200,000
$1,334/SF
Building Size
9,890 SF
Asset Type
Retail
Closing
Jul 13, 2022
About this deal
AI
Located in Borough Park, the retail property at 5102 13th Avenue has been sold for a total of $13,200,000. The property spans 9,890 square feet, resulting in a price per square foot of $1,335. The transaction took place on July 14, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,200,000
- Address: 5102 13th Avenue
- Market: Borough Park
The buyer, MCB 5102-13th Ave Brooklyn LLC, acquired the property from the seller, Park Nova Realty Corp. The deal was facilitated by brokers Abie Kassin, David Schechtman, and Lipa Lieberman of Meridian Capital Group.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93