Sunlight Development Purchases Mixed-use Property At 816 58th Street Brooklyn For $9.8M With Koban Properties
816 58th Street
$9,800,000
$360/SF
Building Size
27,177 SF
Asset Type
Mixed-use
Closing
Aug 14, 2024
About this deal
AI
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.
On the Map
$9,800,000
$360/SF
Mixed-use
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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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93