Tom Vaskilakis Acquires Mixed-Use Property In Brooklyn For $14.8M
413 86th Street, Brooklyn, NY 11209, USA
$14,775,000
$1,231/SF
Building Size
12,000 SF
Asset Type
Mixed-use
Closing
Jun 25, 2020
AI
A mixed-use property located at 413 86th Street in Brooklyn has been sold for a price of $14,775,000. The property spans 12,000 square feet, resulting in a price per square foot of $1,231. The sale took place on June 25, 2021, and the transaction was facilitated by brokers Nathan Elmekies and Edward Turner.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,775,000
- Address: 413 86th Street, Brooklyn
- Square Footage: 12,000
- Price per Square Foot: $1,231
- Market: Brooklyn
Nathan Elmekies and Edward Turner represented the buyer, Tom Vaskilakis, in this transaction.
Players
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93