Dimitri Giasemis Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $1.56M
656 72nd St, Brooklyn, NY 11209, USA
$1,560,000
$253/SF
Building Size
6,156 SF
Asset Type
Mixed-use
Closing
Mar 4, 2020
About this deal
AI
The mixed-use property located at 656 72nd Street in Bay Ridge, Brooklyn has been sold in a closed transaction. Owned by Dr. Meeyapillai Zawahir, the property consists of two apartments and two medical offices. The transaction was facilitated by broker John Brennan of Marcus & Millichap. The sale price for the property was $1,560,000, with a total square footage of 6,156. This equates to a price per square foot of $253. The units within the property were sold at an average price of $390,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,560,000
- Square Footage: 6,156
- Address: 656 72nd Street, Bay Ridge, Brooklyn
- Market: Bay Ridge, Brooklyn
- Units: 2 apartments & 2 medical offices
In this transaction, Dimitri Giasemis acted as the buyer. John Brennan, representing Marcus & Millichap, served as the broker in the deal. The involvement of these key individuals and companies contributed to the successful completion of the transaction.
Players
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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93