Eli Dweck Acquires Retail Property On Vanderbilt Avenue In Prospect Heights, Brooklyn For $5.8M
SOLD
$5,800,000
New York
See Similar DealsRetail7,033 SF
Sold
SOLD
Eli Dweck Acquires Retail Property On Vanderbilt Avenue In Prospect Heights, Brooklyn For $5.8M
550 Vanderbilt Avenue
See Similar DealsRetail7,033 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$824
Total Square Footage:7033 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 550 Vanderbilt Avenue in Prospect Heights, Brooklyn. The property spans 7,033 square feet and was sold for a price of $5,800,000, resulting in a price per square foot of $825.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,800,000
- Square Footage: 7,033
- Address: 550 Vanderbilt Avenue
- Market: Prospect Heights, Brooklyn
The buyer in this transaction is Eli Dweck, while the seller is Gang Hu of Greenland USA. Matthew Marshall of Marshall Real Estate represented both parties as the broker during the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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