facebook
Traded Co logo
Submit

Isabel Wu Acquires Mixed-use Property From Petros Dimou In Bay Ridge Brooklyn For $1.7M

Property Image
SOLD
$1,700,000
Matt Dittmeier
Luke Sproviero
+ 1

New York

See Similar Deals
Mixed-use3,735 SF
Sold 05/14/2025
the dealplayerscompscontact
Property Image
SOLD

Isabel Wu Acquires Mixed-use Property From Petros Dimou In Bay Ridge Brooklyn For $1.7M

8014 5th Avenue

See Similar Deals
Mixed-use3,735 SF
Sold 05/14/2025
Matt Dittmeier
Luke Sproviero
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$455
Total Square Footage:3,735 SF
Transaction Type:Sale

The property located at 8014 5th Avenue in Bay Ridge, Brooklyn, features a mixed-use structure comprising 2 apartments and 1 store. The transaction was completed at a sale price of $1,700,000, with the property spanning 3,735 square feet, resulting in a price per square foot of $455. The price per unit, based on the three units, is $566,667.

Summary of transaction details:

  • Property Type: Mixed-use (2 Apts & 1 Store)
  • Transaction Amount: $1,700,000
  • Units: 3
  • Price Per Unit: $566,667
  • Square Footage: 3,735
  • Price Per Square Foot: $455
  • Buyer: Isabel Wu
  • Seller: Petros Dimou
  • Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring & Matt Dittmeier - Investment Property Realty Group (IPRG)

This transaction involved key individuals including the buyer, Isabel Wu, and the seller, Petros Dimou. The brokers representing the transaction were from Investment Property Realty Group (IPRG), specifically Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Matt Dittmeier, facilitating the agreement between the involved parties.

Players

Adam Lobel
139 deals$592.1M volume(314) 920-8639
BROKER

Matt Dittmeier
Investment Property Realty Group (IPRG)
18 deals$34.3M volume(516) 469-5394
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Details

SOLD
IMAGE: Toby Waring & Matt Dittmeier DATE: 5/15/2025 ADDRESS: 8014 5th Avenue MARKET: Bay Ridge, Brooklyn ASSET TYPE: Mixed-use (2 Apts & 1 Store) BUYER: Isabel Wu SELLER: Petros Dimou BROKERS: Derek Bestreich, Luke Sproviero (@LukeSproviero), Adam Lobel (@AdamLobelrealestate), Toby Waring (@BklynBricks) & Matt Dittmeier (@MDittmeier_CRE) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,700,000 UNITS: 3 ~ PPU: $566,667 SF: 3,735 ~ PPSF: $455

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41