Mu Wing Feng Wu Acquires Retail Property From Island Federal Credit Union For $8.3M In Bensonhurst
SOLD
$8,300,000
+ 1
New York
See Similar DealsRetail11,050 SF
Sold 04/17/2025
SOLD
Mu Wing Feng Wu Acquires Retail Property From Island Federal Credit Union For $8.3M In Bensonhurst
1750 86th Street
See Similar DealsRetail11,050 SF
Sold 04/17/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$751
Total Square Footage:11,050 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 1750 86th Street in the Bensonhurst market. The sale price for the asset was $8,300,000, and it encompasses a total square footage of 11,050, resulting in a price per square foot of $751.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,300,000
- Address: 1750 86th Street
- Market: Bensonhurst
- Square Footage: 11,050
- Price per Square Foot: $751
- Buyer: Mu Wing Feng Wu
- Seller: Island Federal Credit Union
- Broker Representatives: Daniel O'Brien, Caroline Hodes, Aric Trakhtenber, and Peter Whitenack
- Agency: Newmark
This transaction features key individuals including the buyer, Mu Wing Feng Wu, and the seller, Island Federal Credit Union. The brokerage team facilitating the deal consisted of four individuals from Newmark, specifically Daniel O'Brien, Caroline Hodes, Aric Trakhtenberg, and Peter Whitenack.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$442,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
Annual Debt Service$472,154.81
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