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1959 86th St Brooklyn, NY 1...

Updated Sep 5, 2024

Andy Li Acquires Mixed-use Property In Bensonhurst, Brooklyn For $1.76M
SOLDMixed-use

Andy Li Acquires Mixed-use Property In Bensonhurst, Brooklyn For $1.76M

1959 86th St Brooklyn, NY 11214, USA

$1,760,000

$880/SF

Building Size

2,000 SF

Asset Type

Mixed-use

Closing

Aug 3, 2023

About this deal

AI

The mixed-use property located at 1959 86th Street in Bensonhurst, Brooklyn has been sold for a price of $1,760,000. The property spans 2,000 square feet, resulting in a price per square foot of $880. The sale was facilitated by brokers John Brennan and Miles Davis-Bosch from Marcus & Millichap.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,760,000
  • Address: 1959 86th Street, Bensonhurst, Brooklyn
  • Market: Bensonhurst, Brooklyn
  • Buyer: Andy Li
  • Seller: Meryl Baumgarten
  • Brokers: John Brennan & Miles Davis-Bosch - Marcus & Millichap
  • Square Footage: 2,000
  • Price per Square Foot: $880

The deal was successfully closed with the assistance of John Brennan and Miles Davis-Bosch, who represented both the buyer and the seller in this transaction. Andy Li emerged as the buyer, while Meryl Baumgarten acted as the seller. The involvement of Marcus & Millichap as the brokerage firm highlights their expertise in facilitating property transactions in Bensonhurst, Brooklyn.

Players

John Brennan

Marcus & Millichap

Broker

$191.3M

vol

75 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $880 per square foot on a published $1.8M for 2,000 square feet (2023).

Visit John Brennan to view all their deals.

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.01%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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