Bee Cheung Acquires Mixed-Use Property In Bensonhurst For $2.85M
SOLD
$2,850,000
New York
See Similar DealsMixed-use3,300 SF
Sold 11/29/2021
SOLD
Bee Cheung Acquires Mixed-Use Property In Bensonhurst For $2.85M
2039 86th Street, Bensonhurst, Brooklyn, NY, USA
See Similar DealsMixed-use3,300 SF
Sold 11/29/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$863
Total Square Footage:3,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
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
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