Tim Zisimopoulos Sells Bensonhurst Retail Property For $18M
SOLD
$18,000,000
+ 2
New York
See Similar DealsRetail33,550 SF
Sold 04/09/2021
SOLD
Tim Zisimopoulos Sells Bensonhurst Retail Property For $18M
1769 86th St, Bensonhurst, Brooklyn, NY, USA
See Similar DealsRetail33,550 SF
Sold 04/09/2021
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$536
Total Square Footage:33,550 SF
Transaction Type:Sale
The retail property located at 1769 86th St. in Bensonhurst has been sold for $18,000,000. The property spans 33,550 square feet, resulting in a price per square foot of $536. The sale took place on April 9, 2021. The seller of the property was Tim Zisimopoulos.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,000,000
- SF: 33,550
- PPSF: $536
- Address: 1769 86th St.
- Market: Bensonhurst
The deal was facilitated by the following brokers: Mark Kapnick, Vickram Jambu, Chris Varjan, Jonathan Braun, and George Steffani, who represent eeAssociatesNYC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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