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6409 20th Avenue

Shixiong Zhou Acquires Bensonhurst Retail Property For $3.38M With Broker Jeffrey A. Shalom - Cushman & Wakefield
SOLDRetail

Shixiong Zhou Acquires Bensonhurst Retail Property For $3.38M With Broker Jeffrey A. Shalom - Cushman & Wakefield

6409 20th Avenue

$3,380,000

$520/SF

Building Size

6,500 SF

Asset Type

Retail

Closing

Mar 28, 2023

AI

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.

Players

Jeffrey A. Shalom

Cushman & Wakefield

Broker

$52.5M

vol

12 deals

Broker

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

4.69%

Cash-on-Cash

-1.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93