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881 4th Ave, Brooklyn, NY, ...

881 4th Ave
SOLDRetail

881 4th Ave

881 4th Ave, Brooklyn, NY, 11232

$19,800,000

Building Size

Asset Type

Retail

Closing

Jul 26, 2018

AI

The property asset involved in this transaction is located at 881 4th Ave, Brooklyn, NY, 11232. The transaction was finalized for a total amount of $19,800,000.00, and the property has a square footage of 0. It is situated in the Brooklyn market area.

Summary of transation details:

  • Property Type: Sale
  • Transaction Amount: $19,800,000.00
  • Address: 881 4th Ave, Brooklyn, NY, 11232
  • Market: Brooklyn
  • Seller's Representative: Jidan Kim
  • Buyer: Heritage Equity Partners
  • Seller: Unknown
  • Broker: Brian Leary

The deal features Heritage Equity Partners as the buyer represented by their broker, Brian Leary. The seller remains unidentified in this transaction, with Jidan Kim acting as the representative for the seller.

Players

Jidan Kim

Bridge Property Advisor

Broker

$361.8M

vol

7 deals

Broker
CBRE
CBREBrokerage

Brooklyn 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

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93