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FCA Acquires Property At 6521 18th Ave Brooklyn For $9.02M With Cushman & Wakefield Representation

Property Image
SOLD
$9,020,000
Jeffrey A. Shalom
Caroline Hodes

New York

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Retail8,070 SF
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Property Image
SOLD

FCA Acquires Property At 6521 18th Ave Brooklyn For $9.02M With Cushman & Wakefield Representation

6521 18th Ave, Brooklyn, NY, 11204

See Similar Deals
Retail8,070 SF
Jeffrey A. Shalom
Caroline Hodes
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,117
Total Square Footage:8,070 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 6521 18th Ave, Brooklyn, NY, 11204. The property was sold for $9,020,000.00, encompassing a total square footage of 8,070 in the Brooklyn market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $9,020,000.00
  • Address: 6521 18th Ave, Brooklyn, NY, 11204
  • Market: Brooklyn
  • Buyer: FCA
  • Seller: FCA
  • Buyer's Representative: Caroline Hodes - Cushman & Wakefield
  • Seller's Representative: Jeffrey A. Shalom - Cushman & Wakefield

The key individuals involved in this transaction include the buyer, FCA, who was represented by Caroline Hodes, and the seller, also FCA, represented by Jeffrey A. Shalom, both from Cushman & Wakefield, highlighting the involvement of these professionals in facilitating the deal.

Players

Caroline Hodes
Newmark
Caroline Hodes
93 deals$1.8B volume(516) 263-9404
BROKER
Jeffrey A. Shalom
Cushman & Wakefield
Jeffrey A. Shalom
12 deals$52.5M volume(718) 307-6558
BROKER
Ariel Property Advisors
Ariel Property Advisors
BROKERAGE
FCA
FCA
SELLER

Details

SOLD
IMAGE: 6521 18th Ave, Brooklyn, NY, 11204 MARKET: Brooklyn BUYER'S REP: Caroline Hodes -Cushman & Wakefield SELLER'S REP: Jeffrey A. Shalom -Cushman & Wakefield BUYER: FCA SELLER: FCA PRICE: $9,020,000.00 SF: 8070

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$481,066.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,046.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,759.40
Annual Debt Service$513,112.82