Parag Sawhney & Raymond Chera Acquires Mixed-use Property At 80 Orange Street Brooklyn For $4.095M
SOLD
New York
See Similar DealsMixed-use3,256 SF
Sold 08/14/2024
SOLD
Parag Sawhney & Raymond Chera Acquires Mixed-use Property At 80 Orange Street Brooklyn For $4.095M
80 Orange Street
See Similar DealsMixed-use3,256 SF
Sold 08/14/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,257
Total Square Footage:3,256 SF
Transaction Type:Sale
The mixed-use property located at 80 Orange Street in Brooklyn has been sold for a total of $4,095,000. The asset encompasses 4 units and has a total square footage of 3,256, translating to a price per unit of $1,023,750 and a price per square foot of $1,257.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,095,000
- Units: 4
- Square Footage: 3,256
- Price Per Unit: $1,023,750
- Price Per Square Foot: $1,257
- Seller: Parag Sawhney & Raymond Chera
- Broker: Brandon Polakoff, Joseph Moran, Patrick Madigan, Kyle Sabath & Ryan McGuirl - Avison Young
- Date of Sale: 08/14/2024
The transaction involved notable brokers from Avison Young, including Brandon Polakoff, Joseph Moran, Patrick Madigan, Kyle Sabath, and Ryan McGuirl, who facilitated the sale on behalf of the sellers, Parag Sawhney and Raymond Chera.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,548.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,412.39
Annual Debt Service$232,948.67
Is there something missing? Send suggestions