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Sunoco Purchases Leasehold Gas Station From Capitol Petroleum Group For $3.2M In Brooklyn
SOLD
$3,200,000
New York
See Similar DealsRetail2,800 SF
Sold
SOLD
Sunoco Purchases Leasehold Gas Station From Capitol Petroleum Group For $3.2M In Brooklyn
6418 7th Avenue
See Similar DealsRetail2,800 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1142
Total Square Footage:2800 SF
Transaction Type:Sale
A retail gas station located at 6418 7th Avenue in Sunset Park, Brooklyn has been sold for $3,200,000. The property encompasses a total square footage of 2,800, with a buildable square footage of 11,850, which translates to a price per buildable square foot of $270 and a price per square foot of $1,143.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,200,000
- Buyer: Sunoco
- Seller: Capitol Petroleum Group
- Address: 6418 7th Avenue
- Market: Sunset Park, Brooklyn
- BSF: 11,850
- PPBSF: $270
- SF: 2,800
- PPSF: $1,143
Sunoco completed the transaction through Sunoco Retail LLC, acquiring the leasehold interest in the gas station from Capitol Petroleum Group, marking an important deal within the retail sector in Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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