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
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