881 4th Ave
881 4th Ave, Brooklyn, NY, 11232
$19,800,000
Building Size
—
Asset Type
Retail
Closing
Jul 26, 2018
About this deal
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.
On the Map
$19,800,000
Retail
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Players
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