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80 Orange Street

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

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

80 Orange Street

$4,095,000

$1,257/SF

Building Size

3,256 SF

Asset Type

Mixed-use

Closing

Aug 14, 2024

AI

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

Avison Young

Broker

$1.8B

vol

124 deals

Broker
JLL
JLLBrokerage

Brooklyn 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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93