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Peter Yadgarov Acquires Mixed-Use Property In Brighton Beach For $6M

Property Image
SOLD
$6,000,000

New York

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Mixed-use18,840 SF
Sold 05/23/2019
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Property Image
SOLD

Peter Yadgarov Acquires Mixed-Use Property In Brighton Beach For $6M

273 Brighton Beach Ave, Brooklyn, NY 11235, USA

See Similar Deals
Mixed-use18,840 SF
Sold 05/23/2019
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$318
Total Square Footage:18,840 SF
Transaction Type:Sale

The property involved in this closed transaction is a mixed-use asset located at 273 Brighton Beach Ave, 271 Brighton Beach Ave, 3065 Brighton 2 St, and 3063 Brighton 2 St in the Brighton Beach market. The sale price for this property was $6,000,000, and it spans a total square footage of 18,840, resulting in a price per square foot of $318.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Address: 273 Brighton Beach Ave, 271 Brighton Beach Ave, 3065 Brighton 2 St, 3063 Brighton 2 St
  • Market: Brighton Beach

The seller of this property was The Rakhman Family, and the buyer was Peter Yadgarov. The broker representing the deal was Arsen Atbashyan from CA Realty Inc.

Players

Arsen Atbashyan
51 deals$123.9M volume(917) 939-3760
BROKER

Details

SOLD
IMAGE: Arsen Atbashyan DATE: 05/23/2019 ADDRESS: 273 Brighton Beach Ave, 271 Brighton Beach Ave, 3065 Brighton 2 St, 3063 Brighton 2 St MARKET: Brighton Beach ASSET TYPE: Mixed-use SALE PRICE: $6,000,000 SF: 18,840 PPSF: $318 SELLER: The Rakhman Family BUYER: Peter Yadgarov BROKER: Arsen Atbashyan @CARealtyInc

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73