Raymond Lui Acquires Retail Property In Bensonhurst, Brooklyn For $2.35M
8513 18th Avenue
$2,350,000
$1,104/SF
Building Size
2,128 SF
Asset Type
Retail
Closing
Dec 19, 2022
AI
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.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93