facebook
Traded Co logo
Submit

Wharton Properties Sells Retail Condo In Dyker Heights, Brooklyn To Brandon Hanna - Encore Real Estate Investment Services For $7.6M

Property Image
SOLD
$7,600,000

New York

See Similar Deals
Retail11,981 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Wharton Properties Sells Retail Condo In Dyker Heights, Brooklyn To Brandon Hanna - Encore Real Estate Investment Services For $7.6M

6702 Fort Hamilton Parkway

See Similar Deals
Retail11,981 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$634
Total Square Footage:11981 SF
Transaction Type:Sale

Wharton Properties, led by Jeff and Joseph Sutton, recently sold a retail condo in Unit Dyker Heights, Brooklyn. The property, located at 6702 Ft Hamilton Parkway, was purchased by CVS Pharmacy for a total price of $7,600,000. The retail condo spans approximately 11,981 square feet, resulting in a price per square foot of $634.

Summary of transaction details

  • Property Type: Retail Condo
  • Transaction Amount: $7,600,000
  • Date: 11/03/2020
  • Address: 6702 Ft Hamilton Parkway, Unit Dyker Heights, Brooklyn
  • Seller: Wharton Properties - Jeff & Joseph Sutton
  • Buyer: CVS Pharmacy
  • Broker: Brandon Hanna - Encore Real Estate Investment Services
  • Square Footage: 11,981
  • Price per Square Foot: $634

Brandon Hanna from Encore Real Estate Investment Services represented Wharton Properties in the transaction. This sale marks another successful deal for both Wharton Properties and CVS Pharmacy in the retail market.

Players

4 deals$35.4M volume
BROKER


Joseph Sutton
Wharton Properties
22 deals$3.2B volume
SELLER

TENANT

Details

SOLD
IMAGE: Joseph Sutton, Brandon Hanna, Jeff Sutton DATE: 11/03/2020 ADDRESS: 6702 Ft Hamilton Parkway (Unit ) MARKET: Dyker Heights, Brooklyn ASSET TYPE: Retail Condo SELLER: Wharton Properties - Jeff & Joseph Sutton 🔥🔥 BROKER: Brandon Hanna - Encore Real Estate Investment Services (@EncoreREIS) TENANT: @CVSPharmacy PRICE: $7,600,000 SF 11,981 ~ PPSF: $634

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$405,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53