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
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