SOLDMixed-use
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
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.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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