Mike Angelopoulos Acquires Mixed-use Property In Dyker Heights, Brooklyn For $5.2M
SOLD
$5,200,000
New York
See Similar DealsMixed-use28,000 SF
Sold 10/07/2021
SOLD
Mike Angelopoulos Acquires Mixed-use Property In Dyker Heights, Brooklyn For $5.2M
6623 Fort Hamilton Parkway, Brooklyn, NY 11219
See Similar DealsMixed-use28,000 SF
Sold 10/07/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$185
Total Square Footage:28,000 SF
Transaction Type:Sale
A mixed-use property located at 6623 Fort Hamilton Parkway in Dyker Heights, Brooklyn has been sold for $5,200,000. The property spans 28,000 square feet, resulting in a price per square foot of $185. The transaction took place on October 7, 2021. The property is situated in the Dyker Heights market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,200,000
- Square Footage: 28,000
- Price per Square Foot: $185
- Address: 6623 Fort Hamilton Parkway
- Market: Dyker Heights, Brooklyn
The buyer of the property is Mike Angelopoulos, while the seller is Paul Shinder. The deal was facilitated by the brokers John Barney and Greg Melanson from B6 Real Estate.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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