Yakov Khavin Acquires Mixed-Use Property In Bath Beach, Brooklyn For $2.2M
SOLD
$2,200,000
New York
See Similar DealsMixed-use6,250 SF
Sold 12/18/2023
SOLD
Yakov Khavin Acquires Mixed-Use Property In Bath Beach, Brooklyn For $2.2M
1629 Bath Avenue
See Similar DealsMixed-use6,250 SF
Sold 12/18/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$352
Total Square Footage:6,250 SF
Transaction Type:Sale
A mixed-use property located at 1629 Bath Avenue in Bath Beach, Brooklyn has been sold in a recent transaction. The property spans 6,250 square feet and was sold for a total price of $2,200,000, resulting in a price per square foot of $352. The sale took place on 12/18/2023.
Summary of transaction details:
- Property Type: Mixed-Use
- Sale Price: $2,200,000
- Square Footage: 6,250
- Price Per Square Foot: $352
- Address: 1629 Bath Avenue, Bath Beach, Brooklyn
The buyer of the property is Yakov Khavin, while the sellers are Nancy Cambria and George Cambria. The deal was facilitated by Arsen Atbashyan of Commercial Acquisitions Inc. as the broker representing both the buyer and the sellers.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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