Tri State Commercial Realty Brokers Facilitate $11.5M Sale Of Mixed-Use Property In Brooklyn
SOLD
$11,500,000
New York
See Similar DealsMixed-use28,286 SF
Sold 01/30/2024
SOLD
Tri State Commercial Realty Brokers Facilitate $11.5M Sale Of Mixed-Use Property In Brooklyn
800 Broadway
See Similar DealsMixed-use28,286 SF
Sold 01/30/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$406
Total Square Footage:28,286 SF
Transaction Type:Sale
The mixed-use property located at 800 Broadway in Brooklyn was recently sold for $11,500,000. Spanning across 28,286 square feet, the property boasts a price per square foot of $407. The transaction took place on 01/30/2024 and was facilitated by the brokerage firm Tri State Commercial Realty, with Shlomi Bagdadi and Avi Akiva representing the seller and buyer.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,500,000
- Address: 800 Broadway, Brooklyn
- Market: Brooklyn
- Square Footage: 28,286
- Price per Square Foot: $407
Tri State Commercial Realty, led by Shlomi Bagdadi and Avi Akiva, actively represents sellers and buyers of various deal sizes across NYC, NJ, and PA. For inquiries regarding this transaction or any other real estate deals, individuals can contact Shlomi Bagdadi or Avi Akiva at 718-437-6100.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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