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413 86th Street, Brooklyn, ...

Tom Vaskilakis Acquires Mixed-Use Property In Brooklyn For $14.8M
SOLDMixed-use

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

Nathan Elmekies

Broker

$51.4M

vol

6 deals

Broker

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