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
Located in the Bensonhurst neighborhood of Brooklyn, the retail property at 8513 18th Avenue has recently been sold. The sale took place on December 19, 2022, and was facilitated by broker Jeffrey A. Shalom of Cushman & Wakefield. The property spans 2,128 square feet and was sold for a price of $2,350,000, resulting in a price per square foot of $1,104.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,350,000
- Square Footage: 2,128
- Address: 8513 18th Avenue
- Market: Bensonhurst, Brooklyn
The buyer of the property is Raymond Lui, while the seller is Gail Schecter. Raymond Lui worked with broker Jeffrey A. Shalom of Cushman & Wakefield to complete the 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93