Simon Chen Acquires Sunset Park Retail Property From Ahmed Awan For $1.43M
SOLD
$1,430,000
New York
See Similar DealsRetail10,000 SF
Sold 08/08/2022
SOLD
Simon Chen Acquires Sunset Park Retail Property From Ahmed Awan For $1.43M
6019 4th Avenue
See Similar DealsRetail10,000 SF
Sold 08/08/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$143
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15
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