Mike Angelopoulos Acquires Mixed-use Property In Dyker Heights, Brooklyn For $5.2M
6623 Fort Hamilton Parkway, Brooklyn, NY 11219
$5,200,000
$185/SF
Building Size
28,000 SF
Asset Type
Mixed-use
Closing
Oct 7, 2021
AI
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
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93