Psaras Realty Acquires Mixed-Use Property In Bay Ridge For $2.7M
455 86th Street, Brooklyn, NY, USA
$2,700,000
$900/SF
Building Size
3,000 SF
Asset Type
Mixed-use
Closing
Jul 15, 2020
About this deal
AI
A mixed-use property located at 455 86th Street in Bay Ridge has been sold for a sale price of $2,700,000. The property spans across 3,000 square feet, resulting in a price per square foot of $900.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,700,000
- Address: 455 86th Street
- Market: Bay Ridge
The buyer of the property is Psaras Realty, represented by John Psaras. The transaction was facilitated by broker Evmorfea Maria Savidis from Morsav Inc.
The mixed use sale at 455 86th Street, Brooklyn, NY, USA in New York, New York sold for $2.7M in 2020. The building is 3,000 square feet, implying about 900 per square foot on the published price. This page is the New York, New York file for the 455 86th Street, Brooklyn, NY, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 455 86th Street, Brooklyn, NY, USA around 2020. Published consideration for 455 86th Street, Brooklyn, NY, USA is $2.7M, dated 2020. Cite this Psaras Realty Acquires Mixed-Use Property In Bay Ridge For $2.7M sale when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93