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Jamie Anthony & Andrew Bradfield Sell Brooklyn Heights Retail Condo For $2.85M

Property Image
SOLD
$2,850,000
Sarah Jones
Lucas Smith
Stephen Vorvolakos
+ 4

New York

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Condo2,921 SF
Sold 09/29/2022
the dealplayerscompscontact
Property Image
SOLD

Jamie Anthony & Andrew Bradfield Sell Brooklyn Heights Retail Condo For $2.85M

70 Schermerhorn Street

See Similar Deals
Condo2,921 SF
Sold 09/29/2022
Sarah Jones
Lucas Smith
Stephen Vorvolakos
+ 4
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$975
Total Square Footage:2,921 SF
Transaction Type:Sale

Located at 70 Schermerhorn Street in Brooklyn Heights, this sale involved a retail condo spanning 2,921 square feet. The transaction took place on 09/29/2022, with a selling price of $2,850,000, translating to a price per square foot of $975.

Summary of transaction details:

The key individuals involved in this transaction include Sean R. Kelly Esq., Stephen Vorvolakos, Lawrence Sarn from Ariel Property Advisors, and Lucas Smith along with Sarah Jones from Oxford Property Group. They played crucial roles in facilitating the sale of this retail condo.

Players

Sean R. Kelly, Esq.
Ariel Property Advisors
Sean R. Kelly, Esq.
56 deals$529.8M volume
BROKER
Stephen Vorvolakos
Ariel Property Advisors
Stephen Vorvolakos
28 deals$275.7M volume
BROKER
Lawrence Sarn
Ariel Property Advisors
Lawrence Sarn
9 deals$129.7M volume
BROKER
Lucas Smith
Oxford Property Group
Lucas Smith
1 deal$2.9M volume
BROKER
Sarah Jones
Oxford Property Group
Sarah Jones
1 deal$2.9M volume
BROKER
AB
Andrew Bradfield
2 deals$5.7M volume
SELLER
Jamie Anthony
Jamie Anthony
7 deals$127.3M volume
SELLER

Details

SOLD
IMAGE: Stephen Vorvolakos, Sean R. Kelly Esq., Lawrence Sarn, Lucas Smith & Sarah Jones DATE: 09/29/2022 ADDRESS: 70 Schermerhorn Street MARKET: Brooklyn Heights ASSET TYPE: Retail Condo SELLER: Andrew Bradfield & Jamie Anthony BROKERS: Sean R. Kelly Esq. (@Sean.Kelly.Esq), Stephen Vorvolakos & Lawrence Sarn - Ariel Property Advisors (@ArielPA.NYC), Lucas Smith & Sarah Jones - Oxford Property Group SALE PRICE: $2,850,000 SF: 2,921 ~ PPSF: $975

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

$151,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45