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544 Bay Ridge Pkwy, Brookly...

Yung Chan & Miao Lan Kwok Acquire Mixed-Use Building In Bay Ridge For $1.25M
SOLDMixed-use

Yung Chan & Miao Lan Kwok Acquire Mixed-Use Building In Bay Ridge For $1.25M

544 Bay Ridge Pkwy, Brooklyn, NY 11209, USA

$1,245,000

$37/SF

Building Size

33,000 SF

Asset Type

Mixed-use

Closing

Oct 27, 2019

AI

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.

Players

Anthony Ferraro Jr.

4 Seasons Realty

Broker

$8M

vol

5 deals

Broker

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

12.74%

Cash-on-Cash

-3.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93