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Parag Sawhney & Raymond Chera Acquires Mixed-use Property At 80 Orange Street Brooklyn For $4.095M

Property Image
SOLD
$4,095,000
Brandon Polakoff
Ryan McGuirl
+ 2

New York

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Mixed-use3,256 SF
Sold 08/14/2024
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Property Image
SOLD

Parag Sawhney & Raymond Chera Acquires Mixed-use Property At 80 Orange Street Brooklyn For $4.095M

80 Orange Street

See Similar Deals
Mixed-use3,256 SF
Sold 08/14/2024
Brandon Polakoff
Ryan McGuirl
+ 2
Contact now

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:

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

Brandon Polakoff
124 deals$1.8B volume
BROKER

Ryan McGuirl
Avison Young
60 deals$804.5M volume(212) 858-9361
BROKER

Patrick Madigan
Avison Young
23 deals$519.2M volume
BROKER

Joseph (Joe) Moran
Avison Young
33 deals$388.2M volume
BROKER

Kyle Sabath
Avison Young
17 deals$200.5M volume(212) 729-6279
BROKER

JLL
BROKERAGE

Details

SOLD
IMAGE: Brandon Polakoff, Joseph Moran, Patrick Madigan, Kyle Sabath & Ryan McGuirl DATE: 08/14/2024 ADDRESS: 80 Orange Street MARKET: Brooklyn ASSET TYPE: Mixed-use SELLER: Parag Sawhney (@P22s11) & Raymond Chera (@RaymondChera) BROKERS: Brandon Polakoff (@BFPolly), Joseph Moran (@JoeMoran31), Patrick Madigan, Kyle Sabath & Ryan McGuirl (@RMAC_NYC) - Avison Young (@Avison_Young_Global) SALE PRICE: $4,095,000 UNITS: 4 ~ PPU: $1,023,750 SF: 3,256 ~ PPSF: $1,257

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Deal Type
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