Updated Dec 21, 2023
Josephine Y C Cho Acquires Commercial Property In Bay Ridge, Brooklyn From George Butsikaris
425 101st Street, Brooklyn, New York 11209, United States
$4,450,000
$915/SF
Building Size
4,860 SF
Asset Type
Commercial
Closing
Feb 17, 2022
About this deal
AI
Located at 425 101st Street in the Bay Ridge neighborhood of Brooklyn, this commercial property recently sold in a closed transaction. The property is zoned as R4B and BR, providing flexibility for various commercial uses.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,450,000
- Address: 425 101st Street, Bay Ridge, Brooklyn
- Market: Bay Ridge, Brooklyn
- Buyer: Josephine Y C Cho
- Seller: George Butsikaris
- Square Footage: 16,578
- Price per Square Foot: $268
- Building Square Footage: 4,860
- Price per Building Square Foot: $915
- Lot Size: 5,400 square feet
- Permits: Alteration 2 (06/21/1995)
- Lot Dimensions: 54 ft x 100 ft
- Tax Class: 2
- FAR: 3.07
The buyer involved in this transaction is Josephine Y C Cho, while the seller is George Butsikaris.
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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93