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
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