Psaras Realty Acquires Mixed-Use Property In Bay Ridge For $2.7M
SOLD
$2,700,000
New York
See Similar DealsMixed-use3,000 SF
Sold 07/15/2020
SOLD
Psaras Realty Acquires Mixed-Use Property In Bay Ridge For $2.7M
455 86th Street, Brooklyn, NY, USA
See Similar DealsMixed-use3,000 SF
Sold 07/15/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$900
Total Square Footage:3,000 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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