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1835 Bay Ridge Parkway, Bro...

Samy Mohamed Massoud Acquires Special Purpose Property In Brooklyn For $4M
SOLDOffice

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

Vadim Atbashyan

Commercial Acquisitions Realty

Broker

$49.8M

vol

18 deals

Broker

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