Rosewood Realty Group Represents Joseph Kwon In $5.4M Sunset Park Mixed-Use Sale
5505 5th Avenue, Brooklyn, New York 11220, United States
$5,400,000
$291/SF
Building Size
18,500 SF
Asset Type
Mixed-use
Closing
Feb 24, 2022
AI
A mixed-use property located at 5505 5th Avenue, 5507 5th Avenue, and 4811 5th Avenue in Sunset Park, Brooklyn recently sold for $5,400,000. The property consists of 18 units, with an average price per unit of $300,000. The total square footage of the property is 18,500, with a price per square foot of $292.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $5,400,000
- Units: 18
- Price per Unit: $300,000
- Square Footage: 18,500
- Price per Square Foot: $292
The seller of the property was Joseph Kwon. The sale was facilitated by Chaya Milworn and Greg Corbin from the Rosewood Realty Group. They acted as brokers in the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93