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
About this deal
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.
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