Yisroel Chaim Ilowitz Acquires Retail Property On Dyker Heights For $4.35M
7416 13th Avenue, Brooklyn, New York 11228, United States
$4,350,000
$621/SF
Building Size
6,996 SF
Asset Type
Retail
Closing
Jun 23, 2022
About this deal
AI
Located in Dyker Heights, the retail property at 7416 13th Avenue has been sold for a total price of $4,350,000. Spanning across 6,996 square feet, the property was transacted at an average price per square foot of $621. The sale took place on June 24, 2022, marking a significant milestone in the real estate market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,350,000
- Address: 7416 13th Avenue
- Market: Dyker Heights
- Square Footage: 6,996
- Price per Square Foot: $621
The buyer responsible for the purchase is Yisroel Chaim Ilowitz, while the property was sold by Beatrice Ferrara Hoffman and Catherine Ferrara Sabella. These individuals played integral roles in concluding this successful transaction.
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93