Tri State Commercial Realty Brokers Facilitate $11.5M Sale Of Mixed-Use Property In Brooklyn
800 Broadway
$11,500,000
$406/SF
Building Size
28,286 SF
Asset Type
Mixed-use
Closing
Jan 30, 2024
About this deal
AI
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.
On the Map
$11,500,000
$406/SF
Mixed-use
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Players
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93