Eleni Psaras Acquires Retail Property In Bensonhurst, Brooklyn For $8.6M
1971 86th Street, Bensonhurst, Brooklyn, NY, USA
$8,600,000
$593/SF
Building Size
14,500 SF
Asset Type
Retail
Closing
Jul 25, 2021
About this deal
AI
The retail property located at 1971 86th Street in Bensonhurst, Brooklyn has been sold. The property is zoned as R5 and C1-2, and it has a lot size of 2,000 square feet with dimensions of 20 ft x 100 ft. The transaction took place on July 26, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,600,000
- Buyer: Eleni Psaras
- Seller: Harold Segal
- Market: Bensonhurst, Brooklyn
- BSF: 10,000
- PPBSF: $860
- SF: 14,500
- PPSF: $593
- FAR: 1.40
- Tax Class: 4
- Permits: Alteration type 2 (11/30/2017)
Eleni Psaras was represented by their broker in the transaction. The deal involved notable individuals, Eleni Psaras and Harold Segal, as the buyer and seller, respectively. The property transaction in Bensonhurst, Brooklyn is a significant milestone in the real estate 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93