Joey Rishty Sells Commercial Building In Brooklyn To Local Investor For $3.8M
2211 86th Street, Brooklyn, NY 11214
$3,800,000
$1,048/SF
Building Size
3,623 SF
Asset Type
Commercial
Closing
Dec 10, 2017
AI
Addressed at 2211 86th Street in Brooklyn, New York, a commercial building was recently sold for a price of $3,800,000. Spanning across 3,623 square feet, the property was purchased by a local investor. The transaction took place on December 11, 2017. CPP Roni Soleimani and Rex Qui were the brokers involved in the deal.
Summary of transaction details:
- Property Type: Commercial Building
- Transaction Amount: $3,800,000
- Address: 2211 86th Street, Brooklyn, New York
- Market: Brooklyn
The sale was facilitated by the seller, Joey Rishty. The buyer, a local investor, seized the opportunity to acquire the property through this transaction. Acting as representatives, CPP Roni Soleimani and Rex Qui successfully facilitated the deal as the brokers involved.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93