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193 Neptune Avenue

Serg Danvch Acquires Mixed-Use Property In Brighton Beach, Brooklyn For $1.9M
SOLDMixed-use

Serg Danvch Acquires Mixed-Use Property In Brighton Beach, Brooklyn For $1.9M

193 Neptune Avenue

$1,900,000

$395/SF

Building Size

4,800 SF

Asset Type

Mixed-use

Closing

Aug 8, 2022

AI

This mixed-use asset is located at 193 Neptune Ave. in Brighton Beach, Brooklyn. It was sold for a price of $1,900,000 and encompasses a total area of 4,800 square feet, resulting in a price per square foot of $395.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,900,000
  • Square Footage: 4,800
  • Price per Square Foot: $395
  • Buyer: Serg Danvch
  • Seller: Chau Ying Lui
  • Buyer’s Representative: Arsen Atbashyan - Commercial Acquisitions
  • Date of Transaction: 08/08/2022

The transaction reflects the involvement of key individuals, including the buyer Serg Danvch and the seller Chau Ying Lui, with Arsen Atbashyan acting as the broker representing the buyer in this deal.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

Serg Danvch

Buyer

$5.7M

vol

3 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93