Siama Muhammad Acquires Retail Condo In Park Slope For $1.4M
SOLD
$1,400,000
+ 1
New York
See Similar DealsRetail1,880 SF
Sold 04/01/2021
SOLD
Siama Muhammad Acquires Retail Condo In Park Slope For $1.4M
613 Baltic Street, Park Slope, Brooklyn, NY, USA
See Similar DealsRetail1,880 SF
Sold 04/01/2021
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$744
Total Square Footage:1,880 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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