Yelena Sokolsky Acquires Mixed-Use Property In New York City For $2.05M
224 Kings Highway
$2,050,000
$455/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Jan 18, 2023
About this deal
AI
A mixed-use property located at 224 Kings Highway in New York City has been sold in a recent transaction. The property, spanning 4,500 square feet, was sold for a total of $2,050,000, resulting in a price per square foot of approximately $456.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,050,000
- Address: 224 Kings Highway, New York City
- Market: New York City
- Buyer: Yelena Sokolsky
- Broker: Arsen Atbashyan & Ben Loshinsky - Commercial Acquisitions
- Square Footage: 4,500
- Price per Square Foot: $456
The buyer of the property is Yelena Sokolsky. The transaction was facilitated by Arsen Atbashyan and Ben Loshinsky from the Commercial Acquisitions brokerage.
Players
Market 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93