Shixiong Zhou Acquires Bensonhurst Retail Property For $3.38M With Broker Jeffrey A. Shalom - Cushman & Wakefield
SOLD
$3,380,000
New York
See Similar DealsRetail6,500 SF
Sold 03/28/2023
SOLD
Shixiong Zhou Acquires Bensonhurst Retail Property For $3.38M With Broker Jeffrey A. Shalom - Cushman & Wakefield
6409 20th Avenue
See Similar DealsRetail6,500 SF
Sold 03/28/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$520
Total Square Footage:6,500 SF
Transaction Type:Sale
The retail property located at 6409 20th Avenue in Bensonhurst, Brooklyn has been sold for a total price of $3,380,000. The property spans over 6,500 square feet, resulting in a price per square foot of $520. The transaction was finalized on 03/28/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,380,000
- Square Footage: 6,500
- Price per Square Foot: $520
- Address: 6409 20th Avenue, Bensonhurst, Brooklyn
- Market: Bensonhurst, Brooklyn
The buyer of the property is Shixiong Zhou, while the seller is Steven Kattan. The transaction was facilitated by Jeffrey A. Shalom from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$180,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,008.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,022.92
Annual Debt Service$192,275.09
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