FCA Acquires Property At 6521 18th Ave Brooklyn For $9.02M With Cushman & Wakefield Representation
6521 18th Ave, Brooklyn, NY, 11204
$9,020,000
$1,117/SF
Building Size
8,070 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
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.
On the Map
$9,020,000
$1,117/SF
Retail
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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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93