Ed Polstein Acquires Mixed-use Property In Bay Ridge, Brooklyn For $1.35M
8207 5th Avenue, Brooklyn, NY 11209
$1,350,000
$675/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Nov 12, 2021
About this deal
AI
A mixed-use property located at 8207 5th Ave. in Bay Ridge, Brooklyn, was recently sold for $1,350,000. The property measures approximately 2,000 square feet, resulting in a price per square foot of $675. The transaction took place on 11/12/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Address: 8207 5th Ave., Bay Ridge, Brooklyn
- Market: Bay Ridge, Brooklyn
- Buyer: Ed Polstein
- Seller: Ky Liu
- Brokers: Vito Angelo & Billy Apter - Remax Real Estate Professionals
- SF: 2,000
- PPSF: $675
Vito Angelo and Billy Apter from Remax Real Estate Professionals represented the buyer and seller respectively in this transaction.
New York 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93