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8200 Bay Parkway

Northgate Real Estate Group Conducts Bankruptcy Sale Of 8200 Bay Parkway In Brooklyn For $4.2M
SOLDMixed-use

Northgate Real Estate Group Conducts Bankruptcy Sale Of 8200 Bay Parkway In Brooklyn For $4.2M

8200 Bay Parkway

$4,200,000

$150/SF

Building Size

28,000 SF

Asset Type

Mixed-use

Closing

May 27, 2025

AI

The property located at 8200 Bay Parkway is a mixed-use asset situated in the Brooklyn market. It consists of 28 units and has a total square footage of 28,000. The transaction was completed for a sale price of $4,200,000, which translates to a price per unit of $150,000 and a price per square foot of $150.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,200,000
  • Units: 28
  • Square Feet: 28,000
  • Price Per Unit: $150,000
  • Price Per Square Foot: $150

The brokers involved in this transaction were Greg Corbin, Chaya Milworn, and Mickey Salzman from Northgate Real Estate Group. The sale was a bankruptcy sale, conducted by Northgate Real Estate Group for the property at 8200 Bay Parkway.

Players

Chaya Milworn

Northgate Real Estate Group

Broker

$515.7M

vol

35 deals

Broker
Northgate Real Estate Group
Northgate Real Estate GroupBrokerage

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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93