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6505 18th Ave Brooklyn, NY ...

Samuel Brach Acquires Retail Building In Bensonhurst, Brooklyn For $10.3M
SOLDRetail

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

Crown Acquisitions
Crown AcquisitionsBrokerage

Isaac Chera

Crown Acquisitions

Seller

$74.6M

vol

8 deals

Seller

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