Samuel Brach Acquires Retail Building In Bensonhurst, Brooklyn For $10.3M
6505 18th Ave Brooklyn, NY 11204, USA
$10,262,500
$1,350/SF
Building Size
7,600 SF
Asset Type
Retail
Closing
Aug 22, 2023
AI
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.
Players
Brooklyn 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93