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
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