6519-23 18th Avenue Retail Property In Brooklyn Sold For $9.02M By Buyer 651923 18th Ave LLC And Seller Margo Re INC
6519 18th Ave, Brooklyn, NY 11204, USA
Building Size
8,070 SF
Asset Type
Retail
Closing
Oct 23, 2017
About this deal
AI
The retail property located at 6519-23 18th Avenue in Brooklyn, New York has been sold for a price of $9,020,000. The property spans across 8,070 square feet, resulting in a price per square foot of $1,117. The transaction involved the seller, Margo Re INC., and the buyer, 651923 18th Ave LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,020,000
- Square Footage: 8,070
- Price Per Square Foot: $1,117
- Seller: Margo Re INC.
- Buyer: 651923 18th Ave LLC
Caroline Hodes from the Capital Markets Group served as the broker in this deal, representing the buyer, 651923 18th Ave LLC.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93