Steve Fay Acquires Mixed-Use Property In Bensonhurst For $1.8M
6608 18th Ave, Brooklyn, NY 11204, USA
$1,800,000
$608/SF
Building Size
2,960 SF
Asset Type
Mixed-use
Closing
Apr 27, 2020
About this deal
AI
Located in Bensonhurst, the mixed-use property at 6608 18th Avenue has recently changed hands in a closed transaction. The property spans across 2,960 square feet and was sold for a price of $1,800,000, translating to a price per square foot of $608. The transaction took place on 28/04/2020.
Summary of transaction details
- Property Type: Mixed-use
- Sale Price: $1,800,000
- Square Footage: 2,960
- Price per Square Foot: $608
- Address: 6608 18th Avenue, Bensonhurst
The seller of the property was Frank Salerno, and the buyer was Steve Fay. Greg Melanson of represented both parties in 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93