Updated Dec 21, 2023
Denis Abayev Acquires Retail Property In Brooklyn For $4.8M
2927 Avenue S, Brooklyn, New York 11229, United States
$4,835,000
$484/SF
Building Size
9,975 SF
Asset Type
Commercial
Closing
Apr 28, 2022
About this deal
AI
Located at 2927-2939 Avenue S in Brooklyn, this retail property was recently sold in a closed transaction. The property spans approximately 10,000 square feet and is situated in a bustling market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,835,000
- Price Per Square Foot: $483
- Date of Sale: 04/29/2022
- Seller: Alexander Family
- Buyer's Representative: Denis Abayev
- Seller's Representative: Arsen Atbashyan
Denis Abayev and Arsen Atbashyan played key roles in facilitating this transaction. Denis Abayev served as the buyer's representative, while Arsen Atbashyan represented the seller. Their expertise and negotiation skills contributed to the successful sale of the property.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.28%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93