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Arsen Atbashyan & Vadim Atbashyan Close $4.3M Commercial Condo Sale In Bensonhurst

Property Image
SOLD
$4,300,000
Vadim Atbashyan
Arsen Atbashyan

New York

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Condo8,840 SF
Sold 06/25/2024
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Property Image
SOLD

Arsen Atbashyan & Vadim Atbashyan Close $4.3M Commercial Condo Sale In Bensonhurst

1414 West 4th Street

See Similar Deals
Condo8,840 SF
Sold 06/25/2024
Vadim Atbashyan
Arsen Atbashyan
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$486
Total Square Footage:8,840 SF
Transaction Type:Sale

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:

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

Arsen Atbashyan
Commercial Acquisitions
Arsen Atbashyan
51 deals$123.9M volume(917) 939-3760
BROKER
Vadim Atbashyan
Commercial Acquisitions Realty
Vadim Atbashyan
16 deals$46.5M volume
BROKER

Details

SOLD
IMAGE: Vadim Atbashyan & Arsen Atbashyan DATE: 06/25/2024 ADDRESS: 1414 West 4th Street - Ground Floor Commercial Unit MARKET: Bensonhurst, Brooklyn ASSET TYPE: Commercial Condo BROKERS: Arsen Atbashyan & Vadim Atbashyan (@Vadim1013) - Commercial Acquisitions Realty (@CARealtyInc) SALE PRICE: $4,300,000 SF: 8,840 ~ PPSF: $486 NOTE FROM BROKER: Listed & Closed under 3 Months! Commercial Condo with Anchor Tenant (DaVita)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33