Cosmos Capital Group Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $1.9M
8902 3rd Ave Brooklyn, NY 11209, USA
$1,900,000
$527/SF
Building Size
3,600 SF
Asset Type
Mixed-use
Closing
Jun 8, 2023
About this deal
AI
A mixed-use property located at 8902 3rd Avenue in Bay Ridge, Brooklyn has been sold for $1,900,000. The property spans 3,600 square feet with a price per square foot of $528.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $1,900,000
- Square Footage: 3,600
- Address: 8902 3rd Avenue, Bay Ridge, Brooklyn
The sale of this mixed-use property was facilitated by Dimitri P. Venekas from Cosmos Capital Group.
The mixed use sale at 8902 3rd Ave Brooklyn, NY 11209, USA in New York, New York sold for $1.9M in 2023. The building is 3,600 square feet, implying about 527 per square foot on the published price. Dimitri P. Venekas, Cosmos Capital Group appear on the sale alongside Cosmos Capital Group. This page is the New York, New York file for the 8902 3rd Ave Brooklyn, NY 11209, 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 8902 3rd Ave Brooklyn, NY 11209, USA around 2023. Published consideration for 8902 3rd Ave Brooklyn, NY 11209, USA is $1.9M, dated 2023. Cite this Cosmos Capital Group Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $1.9M sale when underwriting similar mixed use product around New York, New York.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93