SOLDRetail
Cosmos Capital Group Sells Sunset Park Retail For $4.75M
5119 4th Ave Brooklyn, NY 11220, USA
$4,750,000
$316/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
May 25, 2023
AI
5119 4th Avenue in Sunset Park, Brooklyn has been sold for $4,750,000. The property is a 15,000 square foot retail space, resulting in a price per square foot of $317.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,750,000
- Square Footage: 15,000
- Price per Square Foot: $317
- Address: 5119 4th Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The sale of 5119 4th Avenue was facilitated by Dimitri P. Venekas of Cosmos Capital Group. Dimitri P. Venekas represented the seller and ensured a successful transaction.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93