facebook
Traded Co logo
Submit

Jared Wallace Acquires Commercial Property In Bay Ridge, Brooklyn For $3.2M

Property Image
SOLD
$3,200,000

New York

See Similar Deals
Commercial7,720 SF
Sold 02/18/2022
the dealplayerscompscontact
Property Image
SOLD

Jared Wallace Acquires Commercial Property In Bay Ridge, Brooklyn For $3.2M

9201 3rd Avenue, Brooklyn, New York 11209, United States

See Similar Deals
Commercial7,720 SF
Sold 02/18/2022
Contact now

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$414
Total Square Footage:7,720 SF
Transaction Type:Sale

The commercial property located at 9201 Third Avenue in Bay Ridge, Brooklyn has been sold in a transaction that took place on February 18, 2022. The property is zoned as R6B, R4-1, C1-3, BR with a floor area ratio (FAR) of 0.54. The lot size measures 14,296 square feet with dimensions of 114.17 feet by 145 feet. The transaction involved a total sale price of $3,200,000.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $3,200,000
  • Market: Bay Ridge, Brooklyn
  • Buyer: Jared Wallace
  • Seller: Robert A. Morelli

Jared Wallace was the buyer in this transaction, while Robert A. Morelli served as the seller. The property has a building square footage (BSF) of 28,592, resulting in a price per BSF of $111. The total square footage (SF) of the property is 7,720, with a price per SF of $414. The property is classified under tax class 4.

An alteration permit was issued for the property on February 15, 2022.

Players

2 deals$7M volume
BUYER

Details

SOLD
IMAGE: 02/18/2022 ADDRESS: 9201 Third Avenue MARKET: Bay Ridge, Brooklyn ASSET TYPE: Commercial ~ ZONING: R6B, R4-1, C1-3, BR BUYER: Jared Wallace SELLER: Robert A. Morelli PRICE: $3,200,000 BSF: 28,592 ~ PPBSF: $111 SF: 7,720 ~ PPSF: $414 FAR: 0.54 TAX CLASS: 4 LOT SIZE: 14,296 PERMITS: Alteration (02/15/2022) LOT DIMENSION: 114.17 ft x 145 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59