Simon Chen Acquires Sunset Park Retail Property From Ahmed Awan For $1.43M
6019 4th Avenue
$1,430,000
$143/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Aug 8, 2022
AI
The retail property located at 6019 4th Ave. in Sunset Park has been sold for a total price of $1,430,000. The property spans across 10,000 square feet, resulting in a price per square foot of $143. The transaction took place on the 8th of August, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,430,000
- Square Footage: 10,000
- Price Per Square Foot: $143
- Address: 6019 4th Ave., Sunset Park
- Buyer: Simon Chen
- Seller: Ahmed Awan
- Broker: Elli Khafizov - Atlas Realty Group Partners LLC
Elli Khafizov from Atlas Realty Group Partners LLC represented both the buyer, Simon Chen, and the seller, Ahmed Awan, in this 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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93