Triborough Gi Realty, LLC Acquires Sheepshead Bay Rd Retail For $3M
1672 Sheepshead Bay Road, Brooklyn, NY 11235, USA
$3,000,000
$428/SF
Building Size
7,005 SF
Asset Type
Retail
Closing
Aug 21, 2019
AI
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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93