Triborough Gi Realty, LLC Acquires Sheepshead Bay Rd Retail For $3M
SOLD
$3,000,000
New York
See Similar DealsRetail7,005 SF
Sold 08/22/2019
SOLD
Triborough Gi Realty, LLC Acquires Sheepshead Bay Rd Retail For $3M
1672 Sheepshead Bay Road, Brooklyn, NY 11235, USA
See Similar DealsRetail7,005 SF
Sold 08/22/2019
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$428
Total Square Footage:7,005 SF
Transaction Type:Sale
A retail property located at 1672 & 1674 Sheepshead Bay Rd in Sheepsheadbay, Brooklyn, was recently sold for $3,000,000. The transaction took place on August 22, 2019. The property spans over 7,005 square feet and has a price per square foot of $428.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 1672 & 1674 Sheepshead Bay Rd, Sheepsheadbay, Brooklyn
- Date: August 22, 2019
- Square Footage: 7,005
- Price per Square Foot: $428
The seller of the property was Sterling National Bank - James P. Blose, while the buyer was Triborough Gi Realty, LLC - Alexander Brun & Igor Grosman. The deal was facilitated by Arsen Atbashyan from Carealty Inc.
Players
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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