Raymond Lui Acquires Retail Property In Bensonhurst, Brooklyn For $2.35M
SOLD
New York
See Similar DealsRetail2,128 SF
Sold 12/19/2022
SOLD
Raymond Lui Acquires Retail Property In Bensonhurst, Brooklyn For $2.35M
8513 18th Avenue
See Similar DealsRetail2,128 SF
Sold 12/19/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,104
Total Square Footage:2,128 SF
Transaction Type:Sale
The retail property located at 8513 18th Avenue in Bensonhurst, Brooklyn has been sold. The transaction took place on 12/19/2022 and the sale price was $2,350,000. The property has a total square footage of 2,128 and the price per square foot was $1,104.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,350,000
The buyer of the property is Raymond Lui and the seller is Gail Schecter. The broker who facilitated the deal was Jeffrey A. Shalom from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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