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6521 18th Ave, Brooklyn, NY...

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

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

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.

Players

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
Ariel Property Advisors
Ariel Property AdvisorsBrokerage
FCA
FCASeller

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