Igor Nestor Purchases Office Property At 8712 4th Avenue In Bay Ridge For $9.5M
8712 4th Avenue
$9,500,000
$1,070/SF
Building Size
8,875 SF
Asset Type
Office
Closing
Sep 23, 2026
About this deal
AI
An 8,875-square-foot office property located at 8712 4th Avenue in Bay Ridge, Brooklyn, was sold for $9,500,000. The sale was finalized on September 23, 2026, with a price per square foot of $1,070.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,500,000
- Address: 8712 4th Avenue
- Market: Bay Ridge, Brooklyn
- Square Footage: 8,875
- Price per Square Foot: $1,070
- Buyer: Igor Nestor
- Seller: Gerald Bernaz
Gerald Bernaz executed the sale of the office property to Igor Nestor, marking a successful transaction in the Bay Ridge market. This deal showcases the interactions between the buyer and seller directly involved in the property transaction.
On the Map
$9,500,000
$1,070/SF
Office
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Players
Brooklyn 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93