Maria & Angela Wu Acquire Mixed-Use Property In Bay Ridge, Brooklyn For $1.22M
452 77th St Brooklyn, NY 11209, USA
$1,220,000
$406/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Jun 20, 2023
About this deal
AI
A mixed-use property located at 452 77th Street in Bay Ridge, Brooklyn has been sold in a closed transaction. The property spans 3,000 square feet and was sold for a total price of $1,220,000, resulting in a price per square foot of $407. The transaction took place on June 20, 2023. The property was delivered vacant.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $1,220,000
- SF: 3,000
- PPSF: $407
The buyers in this transaction are Maria & Angela Wu. On the other hand, Edward Zimbalist acted as the seller. The deal was facilitated by the following brokers from Investment Property Realty Group (IPRG): Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring.
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93