Patrick Yu Acquires Mixed-Use Property In Park Slope For $2.2M
SOLD
$2,215,000
New York
See Similar DealsMixed-use2,480 SF
Sold 08/20/2020
SOLD
Patrick Yu Acquires Mixed-Use Property In Park Slope For $2.2M
602 Pacific St, Brooklyn, NY 11217, USA
See Similar DealsMixed-use2,480 SF
Sold 08/20/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$893
Total Square Footage:2,480 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,869.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,500.23
Annual Debt Service$126,002.76
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