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1769 84th Street, Bensonhur...

Lian Wu Shao Acquires Retail Property In Bensonhurst, Brooklyn For $3M
SOLDRetail

Lian Wu Shao Acquires Retail Property In Bensonhurst, Brooklyn For $3M

1769 84th Street, Bensonhurst, Brooklyn, NY, USA

$3,000,000

$545/SF

Building Size

5,503 SF

Asset Type

Retail

Closing

May 6, 2021

AI

A retail property located at 1769 84 Street in Bensonhurst, Brooklyn has been sold for $3,000,000. The property is zoned M1-1 and has a total square footage (BSF) of 5,503. The price per square foot (PPSF) is $545 and the lot size is 5,489 square feet. The property has a floor area ratio (FAR) of 1.00 and is classified as tax class 4. The last recorded sale price for this property was $1,750,000 on March 15, 2012. A sign permit was issued on October 8, 2008, and the lot dimensions are 98.33 ft x 111.92 ft.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,000,000
  • Market: Bensonhurst, Brooklyn
  • Buyer: Lian Wu Shao
  • Seller: Leing Yan Yee
  • Price per square foot (PPSF): $545

Lian Wu Shao has purchased the property from Leing Yan Yee. The transaction took place on May 7, 2021. The property's previous sale was on March 15, 2012, for $1,750,000. A sign permit was issued on October 8, 2008. The lot dimensions are 98.33 ft x 111.92 ft.

Players

TO
The Shao OrganizationBuyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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