Jack Srour Acquires Retail Property In Bensonhurst, Brooklyn For $6.3M
1917 86th Street, Brooklyn, New York 11214, United States
$6,325,000
$292/SF
Building Size
21,622 SF
Asset Type
Retail
Closing
Sep 7, 2022
AI
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
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
2.51%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93