Peter Yadgarov Acquires Mixed-Use Property In Brighton Beach For $6M
273 Brighton Beach Ave, Brooklyn, NY 11235, USA
$6,000,000
$318/SF
Building Size
18,840 SF
Asset Type
Mixed-use
Closing
May 22, 2019
About this deal
AI
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.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93