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
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.
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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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