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1769 86th St, Bensonhurst, ...

Tim Zisimopoulos Sells Bensonhurst Retail Property For $18M
SOLDRetail

Tim Zisimopoulos Sells Bensonhurst Retail Property For $18M

1769 86th St, Bensonhurst, Brooklyn, NY, USA

$18,000,000

$536/SF

Building Size

33,550 SF

Asset Type

Retail

Closing

Apr 8, 2021

AI

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.

Players

Chris Varjan

Lee & Associates

Broker

$469.3M

vol

29 deals

Broker

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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93