Yung Chan & Miao Lan Kwok Acquire Mixed-Use Building In Bay Ridge For $1.25M
SOLD
$1,245,000
New York
See Similar DealsMixed-use33,000 SF
Sold
SOLD
Yung Chan & Miao Lan Kwok Acquire Mixed-Use Building In Bay Ridge For $1.25M
544 Bay Ridge Pkwy, Brooklyn, NY 11209, USA
See Similar DealsMixed-use33,000 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$37
Total Square Footage:33000 SF
Transaction Type:Sale
An mixed-use property located at 544 Bay Ridge Pkwy in the Bay Ridge market has been sold for a price of $1,245,000. The property spans across 3,300 square feet, resulting in a price per square foot of $377. The transaction was completed on 10/28/2019.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,245,000
- Square Footage: 3,300
- Price per Square Foot: $377
- Address: 544 Bay Ridge Pkwy
- Market: Bay Ridge
Maureen Soliman, the seller, sold the property to Yung Chan & Miao Lan Kwok. The deal was facilitated by Anthony Ferraro Jr, representing the buyers as their broker.
Note: The building was delivered vacant.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,423.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,901.94
Annual Debt Service$70,823.22
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