Vyacheslav Bizyayev Acquires Mixed-Use Property In Bath Beach For $5.85M
8681 18th Avenue, Brooklyn, New York 11214, United States
$5,850,000
$504/SF
Building Size
11,600 SF
Asset Type
Mixed-use
Closing
Jun 20, 2022
About this deal
AI
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.
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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93