Tom Vaskilakis Acquires Mixed-Use Property In Brooklyn For $14.8M
SOLD
$14,775,000
New York
See Similar DealsMixed-use12,000 SF
Sold
SOLD
Tom Vaskilakis Acquires Mixed-Use Property In Brooklyn For $14.8M
413 86th Street, Brooklyn, NY 11209, USA
See Similar DealsMixed-use12,000 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1231
Total Square Footage:12000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$787,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,492.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,041.04
Annual Debt Service$840,492.45
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