Siama Muhammad Acquires Retail Condo In Park Slope For $1.4M
613 Baltic Street, Park Slope, Brooklyn, NY, USA
$1,400,000
$744/SF
Building Size
1,880 SF
Asset Type
Retail
Closing
Mar 31, 2021
AI
A retail condo located at 613 Baltic Avenue in Park Slope has been sold for $1,400,000. The property spans 1,880 square feet, resulting in a price per square foot of $744. The transaction took place on April 1, 2021.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $1,400,000
- Square Footage: 1,880
The buyer of the retail condo was Siama Muhammad, while the seller was @JDSDevelopmentGroup. The deal was facilitated by brokers Sean Kelly, Stephen Vorvolakos, Jiani Zhou, and David Khukhashvili of @ArielPA.NYC.
Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93