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Sunlight Development Purchases Mixed-use Property At 816 58th Street Brooklyn For $9.8M With Koban Properties

Property Image
SOLD
$9,800,000

New York

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Mixed-use27,177 SF
Sold 08/14/2024
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Property Image
SOLD

Sunlight Development Purchases Mixed-use Property At 816 58th Street Brooklyn For $9.8M With Koban Properties

816 58th Street

See Similar Deals
Mixed-use27,177 SF
Sold 08/14/2024
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$360
Total Square Footage:27,177 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 816 58th Street in Brooklyn. The sale price was set at $9,800,000, covering a total square footage of 27,177, which translates to a price per square foot of $360.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $9,800,000
  • Address: 816 58th Street
  • Market: Brooklyn
  • Square Footage: 27,177
  • Price per Square Foot: $360
  • Buyer: Sunlight Development
  • Seller: Koban Properties - William S. Chou
  • Broker: Peter Grazioli - Brown Harris Stevens

The deal involved Sunlight Development as the buyer and Koban Properties, represented by William S. Chou, as the seller. The representation for the transaction was provided by broker Peter Grazioli from Brown Harris Stevens.

Players

Peter Grazioli
3 deals$17.4M volume
BROKER

Details

SOLD
IMAGE: Peter Grazioli DATE: 08/14/2024 ADDRESS: 816 58th Street MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Sunlight Development SELLER: Koban Properties - William S. Chou BROKER: Peter Grazioli (@PeterGrazioli) - Brown Harris Stevens (@BrownHarrisStevens) SALE PRICE: $9,800,000 SF: 27,177 ~ PPSF: $360

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,817.32
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