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602 Pacific St, Brooklyn, N...

Patrick Yu Acquires Mixed-Use Property In Park Slope For $2.2M
SOLDMixed-use

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

David Khukhashvili

Ariel Property Advisors

Broker

$65.1M

vol

10 deals

Broker
TM
Times Plaza ManagementBuyer

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

7.16%

Cash-on-Cash

-2.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93