Patrick Yu Acquires Mixed-Use Property In Park Slope For $2.2M
602 Pacific St, Brooklyn, NY 11217, USA
$2,215,000
$893/SF
Building Size
2,480 SF
Asset Type
Mixed-use
Closing
Aug 19, 2020
AI
Located at 602 Pacific Street in Park Slope, this mixed-use property was recently sold in a closed transaction. The property spans 2,480 square feet and was purchased for $2,215,000, resulting in a price per square foot of $893. The sale of this property was facilitated by brokers David Khukhashvili, Sean R. Kelly, Esq., and Jiani Zhou from ArielPA.NYC.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,215,000
- Address: 602 Pacific Street
- Market: Park Slope
Patrick Yu acquired this property from Times Plaza Management, represented by Bruce Orlofsky. The brokers involved in this transaction, David Khukhashvili, Sean R. Kelly, Esq., and Jiani Zhou, played a crucial role in facilitating the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.16%
Cash-on-Cash
-2.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93