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Juan Qing Lu Of JMAL Group LLC Purchases Sirico's Caterers Banquet Hall In Brooklyn For $8M
SOLD
$8,000,000
New York
See Similar DealsRetail14,160 SF
Sold 06/01/2026
SOLD
Juan Qing Lu Of JMAL Group LLC Purchases Sirico's Caterers Banquet Hall In Brooklyn For $8M
8023 13th Avenue
See Similar DealsRetail14,160 SF
Sold 06/01/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$565
Total Square Footage:14,160 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 8023 13th Avenue in Brooklyn, with a square footage of 14,160 and a building size of 21,000. The transaction was completed for a price of $8 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8 million
- Address: 8023 13th Avenue
- Market: Brooklyn
- Square Footage: 14,160
- Building Size: 21,000
- Buyer: Juan Qing Lu
- Seller: Sirico Family
- Buyer’s Company: JMAL Group LLC
Juan Qing Lu acquired the property from the Sirico family, who were the sellers in this transaction concerning Sirico’s Caterers banquet hall located in Dyker Heights, Brooklyn.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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