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
About this deal
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.
On the Map
$1,430,000
$143/SF
Retail
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Brooklyn 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