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Jack Srour Acquires Retail Property In Bensonhurst, Brooklyn For $6.3M

Property Image
SOLD
$6,325,000

New York

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Retail21,622 SF
Sold 09/08/2022
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Property Image
SOLD

Jack Srour Acquires Retail Property In Bensonhurst, Brooklyn For $6.3M

1917 86th Street, Brooklyn, New York 11214, United States

See Similar Deals
Retail21,622 SF
Sold 09/08/2022
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$292
Total Square Footage:21,622 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 1917 86th Street in Bensonhurst, Brooklyn. The property spans 21,622 square feet and was sold for a total price of $6,325,000, resulting in a price per square foot of $292. The sale took place on August 8, 2022. The buyer of the property is Jack Srour, while the sellers are Victor Roher and David Prince.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $6,325,000
  • Address: 1917 86th Street, Bensonhurst, Brooklyn
  • Square Footage: 21,622
  • Price per Square Foot: $292
  • Buyer: Jack Srour
  • Seller: Victor Roher & David Prince
  • Market: Bensonhurst, Brooklyn

Jack Srour successfully purchased the retail property located at 1917 86th Street in Bensonhurst, Brooklyn. The sellers, Victor Roher and David Prince, facilitated the transaction. This sale represents a significant investment opportunity in the thriving Bensonhurst market.

Players

5 deals$28.2M volume
BUYER

Details

SOLD
IMAGE: Jack Srour DATE: 08/08/2022 ADDRESS: 1917 86th Street MARKET: Bensonhurst, Brooklyn ASSET TYPE: Retail BUYER: Jack Srour SELLER: Victor Roher & David Prince SALE PRICE: $6,325,000 SF: 21,622 ~ PPSF: $292

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$337,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,471.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,983.73
Annual Debt Service$359,804.72