Vyacheslav Bizyayev Acquires Mixed-Use Property In Bath Beach For $5.85M
SOLD
$5,850,000
New York
See Similar DealsMixed-use11,600 SF
Sold 06/21/2022
SOLD
Vyacheslav Bizyayev Acquires Mixed-Use Property In Bath Beach For $5.85M
8681 18th Avenue, Brooklyn, New York 11214, United States
See Similar DealsMixed-use11,600 SF
Sold 06/21/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$504
Total Square Footage:11,600 SF
Transaction Type:Sale
A mixed-use property located at 8681 18th Ave. in Bath Beach has been sold for a total of $5,850,000. The transaction took place on 06/21/2022. The property is spread across an area of 11,600 square feet, resulting in a price per square foot of $504. The buyer of the property is Vyacheslav Bizyayev, while Yury Shapshal served as the seller.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,850,000
- Address: 8681 18th Ave.
- Market: Bath Beach
- Buyer: Vyacheslav Bizyayev
- Seller: Yury Shapshal
- Broker: Arsen Atbashyan - Commercial Acquisitions
Arsen Atbashyan, representing Commercial Acquisitions, facilitated the deal as the broker. The property offers a mix of residential and commercial spaces, making it attractive for investors looking for diverse income streams. The transaction reflects the continued interest and activity in the Bath Beach market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81
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