Samy Mohamed Massoud Acquires Special Purpose Property In Brooklyn For $4M
1835 Bay Ridge Parkway, Brooklyn, New York 11204, United States
$4,000,000
$416/SF
Building Size
9,600 SF
Asset Type
Office
Closing
Mar 16, 2022
AI
The special purpose property located at 1835 Bay Ridge Pkwy in Brooklyn has been sold. The transaction took place on 03/17/2022 and was facilitated by Commercial Acquisitions Inc. The property spans 9,600 square feet and was sold for a total price of $4,000,000, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $4,000,000
- Address: 1835 Bay Ridge Pkwy
- Market: Brooklyn
- Square Footage: 9,600
- Buyer: Samy Mohamed Massoud
- Seller: Sudha Patel
- Buyer’s Representative: Allen Rosenthal - Commercial Acquisitions Inc.
- Seller’s Representative: Vadim Atbashyan - Commercial Acquisitions Inc.
Allen Rosenthal from Commercial Acquisitions Inc. served as the representative for the buyer, Samy Mohamed Massoud, while Vadim Atbashyan, also from Commercial Acquisitions Inc., represented the seller, Sudha Patel. Together, these individuals played a crucial role in facilitating the successful sale of the property.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93