Arsen Atbashyan & Vadim Atbashyan Close $4.3M Commercial Condo Sale In Bensonhurst
1414 West 4th Street
$4,300,000
$486/SF
Building Size
8,840 SF
Asset Type
Condo
Closing
Jun 25, 2024
About this deal
AI
The property involved in this transaction is a commercial condo located at 1414 West 4th Street in Bensonhurst, Brooklyn. The ground floor unit spans 8,840 square feet and was sold for $4,300,000 at a price per square foot of $486. The asset boasts an anchor tenant, DaVita, enhancing its value in the market.
Summary of transaction details:
- Property Type: Commercial Condo
- Transaction Amount: $4,300,000
- Market: Bensonhurst, Brooklyn
- SF: 8,840
- Anchor Tenant: DaVita
- Brokers: Arsen Atbashyan & Vadim Atbashyan - Commercial Acquisitions Realty
The deal was successfully closed in under three months, a testament to the efficiency and expertise of Arsen Atbashyan and Vadim Atbashyan from Commercial Acquisitions Realty. Their swift handling of the transaction highlights their proficiency in the commercial real estate market.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93