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Samuel Brach Acquires Retail Building In Bensonhurst, Brooklyn For $10.3M
SOLD
$10,262,500
New York
See Similar DealsRetail7,600 SF
Sold 08/22/2023
SOLD
Samuel Brach Acquires Retail Building In Bensonhurst, Brooklyn For $10.3M
6505 18th Ave Brooklyn, NY 11204, USA
See Similar DealsRetail7,600 SF
Sold 08/22/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,350
Total Square Footage:7,600 SF
Transaction Type:Sale
The retail building located at 6505 18th Avenue in Bensonhurst, Brooklyn has been sold for $10.3 million. The property, represented in the deal by Isaac Chera of Crown Acquisitions, was purchased by Samuel Brach, who was represented by SB 1865 LLC. This retail building is situated in the Bensonhurst market and spans a total of 7,600 square feet, with a price per square foot of $1,350.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,262,500
- BSF: 24,297 square feet
- PPBSF: $422
- Market: Bensonhurst, Brooklyn
- Buyer: Samuel Brach
- Seller: Crown Acquisitions - Isaac Chera
In this transaction, Samuel Brach, represented by SB 1865 LLC, acquired the retail building located at 6505 18th Avenue in Bensonhurst, Brooklyn from Crown Acquisitions, operating as Crown 18th Avenue LLC, for $10.3 million. This property, with a total square footage of 7,600, was sold at a price per square foot of $1,350.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$547,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,460.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,649.49
Annual Debt Service$583,793.83
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