George Hall Acquires Mixed Use Property In Brooklyn For $8.15M
2444 86th St, Brooklyn, NY 11214, USA
Building Size
162,590 SF
Asset Type
Mixed-use
Closing
Jun 27, 2018
AI
A mixed-use property located at 2444 86 St in Brooklyn, New York has been sold in a closed transaction. The property spans 16,259 square feet and was purchased for a price of $8,150,000, resulting in a price per square foot of $500. The property consists of three units.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $8,150,000
- Address: 2444 86 St, Brooklyn, New York
- Market: Brooklyn
- Square Footage: 16,259 sf
- Price per Square Foot: $500
- Units: 3
The property was sold by Alexander Kostovetsky and Leonord Rakhlis, and the buyer is George Hall. The transaction was facilitated by Carlos Tse and Bill Fan, who represented the parties involved in the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93