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2211 86th Street, Brooklyn,...

Updated Oct 29, 2024

Joey Rishty Sells Commercial Building In Brooklyn To Local Investor For $3.8M
FINANCEDCommercial

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

About this deal

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.

On the Map

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$3,800,000

$1,048/SF

Commercial

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Players

Rex Qui

Broker

$3.8M

vol

1 deal

Broker
LI
Local InvestorBuyer

Joey Rishty

Seller

$10.1M

vol

3 deals

Seller
Bilt advertisement

Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

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Deal FAQ

About $1K per square foot on a published $3.8M for 3,623 square feet (2017).

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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

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