Bee Cheung Acquires Mixed-Use Property In Bensonhurst For $2.85M
2039 86th Street, Bensonhurst, Brooklyn, NY, USA
$2,850,000
$863/SF
Building Size
3,300 SF
Asset Type
Mixed-use
Closing
Nov 29, 2021
AI
An investment property located at 2039 86th Street in Bensonhurst has been sold for $2,850,000. The property is a mixed-use asset, featuring a total square footage of 3,300. The sale price per square foot was $863. The transaction took place on November 29, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,850,000
- Buyer: Bee Cheung
- Seller: Edward Glazarov
- Broker: John Oliveri - STL Realty LLC
- Address: 2039 86th Street
- Market: Bensonhurst
- Square Footage: 3,300
- Price Per Square Foot: $863
The buyer of the property was Bee Cheung, and the seller was Edward Glazarov. The deal was facilitated by John Oliveri from STL Realty LLC. The transaction represents a successful sale in the Bensonhurst market, highlighting the desirability and value of mixed-use properties in the area.
Players
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93