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.
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