Dr. Hannan Salman Acquires Mixed-Use Property In Bath Beach, BK For $1.7M
8782 20th Avenue, Bath Beach, Brooklyn, NY, USA
$1,700,000
$545/SF
Building Size
3,118 SF
Asset Type
Mixed-use
Closing
Apr 22, 2019
About this deal
AI
Located in Bath Beach, BK, this mixed-use property at 8782 20th Ave has recently been sold for $1,700,000. The property spans over 3,118 square feet, offering a versatile space for various purposes.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Address: 8782 20th Ave, Bath Beach, BK
- Market: Bath Beach, BK
The seller, Dr. Semyon Ingberman, and the buyer, Dr. Hannan Salman, finalized the deal with the assistance of Denis Abayev from Commercial Acquisitions.
The mixed use sale at 8782 20th Avenue, Bath Beach, Brooklyn, NY, USA in New York, New York sold for $1.7M in 2019. The building is 3,118 square feet, implying about 545 per square foot on the published price. Denis Abayev, Commercial Acquisitions appear on the sale alongside Commercial Acquisitions. This page is the New York, New York file for the 8782 20th Avenue, Bath Beach, Brooklyn, NY, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 8782 20th Avenue, Bath Beach, Brooklyn, NY, USA around 2019. Published consideration for 8782 20th Avenue, Bath Beach, Brooklyn, NY, USA is $1.7M, dated 2019. Cite this Dr. Hannan Salman Acquires Mixed-Use Property In Bath Beach, BK For $1.7M sale when underwriting similar mixed use product around New York, New York.
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93