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2104-2108 Avenue X, Brookly...

Updated Dec 20, 2023

Leonid Vayner Acquires Commercial Property On Avenue X In Sheepshead Bay, Brooklyn For $3.29M
SOLDCommercial

Leonid Vayner Acquires Commercial Property On Avenue X In Sheepshead Bay, Brooklyn For $3.29M

2104-2108 Avenue X, Brooklyn, New York 11235, United States

$3,288,000

$385/SF

Building Size

8,520 SF

Asset Type

Commercial

Closing

Jul 21, 2022

About this deal

AI

A commercial property located in Sheepshead Bay, Brooklyn has been sold in a recent transaction. The property, situated at 2104-2108 Avenue X, is zoned as R4, C1-2, allowing for a variety of commercial uses. The transaction took place on July 22, 2022, and the property was sold for a total price of $3,288,000.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $3,288,000
  • Market: Sheepshead Bay, Brooklyn
  • Address: 2104-2108 Avenue X
  • Zoning: R4, C1-2

The buyer of the property is Leonid Vayner, while the seller is Alex Brudoley. The property has a building square footage (BSF) of 4,500, resulting in a price per BSF of $730. The total square footage (SF) of the property is 8,520, with a price per SF of $385.

Additional details of the transaction include a floor area ratio (FAR) of 1.42 and a tax class of 4. The lot size is 6,000, with dimensions of 60 ft x 100 ft.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $385 per square foot on a published $3.3M for 8,520 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.82%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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