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8014 5th Avenue

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

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

8014 5th Avenue

$1,700,000

$455/SF

Building Size

3,735 SF

Asset Type

Mixed-use

Closing

May 14, 2025

AI

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

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93