facebook
Traded Co logo
Submit

BLDG Management Acquires Retail Property In Brooklyn For $17.25M

Property Image
SOLD
$17,250,000
Chris Sheldon
Robert (Rob) Shapiro
Jordan Sutton
+ 3

New York

See Similar Deals
Retail7,806 SF
Sold 05/20/2021
the dealplayerscompscontact
Property Image
SOLD

BLDG Management Acquires Retail Property In Brooklyn For $17.25M

2076 86th Street, Brooklyn, NY, USA

See Similar Deals
Retail7,806 SF
Sold 05/20/2021
Chris Sheldon
Robert (Rob) Shapiro
Jordan Sutton
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,209
Total Square Footage:7,806 SF
Transaction Type:Sale

The property at 2076-2084 86th Street in Brooklyn has been sold in a transaction that closed on May 20, 2021. The asset is a retail building with a total area of 7,806 square feet. The property is zoned as C4-2.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $17,250,000
  • Address: 2076-2084 86th Street, Brooklyn
  • Market: Brooklyn

BLDG Management, represented by Lloyd Goldman, acquired the property from Wharton Properties, represented by Jeff Sutton and Joseph Sutton. The buyer's broker was Chris Sheldon, Jordan Sutton, Robert Shapiro, and Andreas Efthymiou from CushWake and TeamShapiroBuildingSales. The seller was represented by the same brokers.

The property has two tenants: Chipotle and Bank of America. Both tenants have signed brand new 15-year net leases in the recently renovated building.

For more information about this property or similar opportunities, interested parties can contact the listing brokers.

Players

Jordan Sutton
Jordan Sutton
33 deals$246.4M volume(917) 284-1406
BROKER
Jordan Sutton
Jordan Sutton
33 deals$246.4M volume(917) 284-1406
BROKER
Andreas Efthymiou
Ripco
Andreas Efthymiou
128 deals$1.1B volume(718) 663-2643
BROKER
Robert (Rob) Shapiro
CBRE
Robert Shapiro
78 deals$882.9M volume(212) 984-8082
BROKER
Chris Sheldon
Cushman & Wakefield
Chris Sheldon
5 deals$71.1M volume
BROKER
Lloyd Goldman
Lloyd Goldman
13 deals$675.9M volume
BUYER
Jeff Sutton
Wharton Properties
Jeff Sutton
56 deals$5.5B volume
SELLER
Bank of America
Bank of America
LENDER
Bank of America
Bank of America
TENANT
C
Chipotle
TENANT

Details

SOLD
IMAGE: Jordan Sutton, Joseph Sutton, Robert Shapiro, Lloyd Goldman, Chris Sheldon, Jeff Sutton & Andreas Efthymiou DATE: 05/20/2021 ADDRESS: 2076-2084 86th Street MARKET: Brooklyn ASSET TYPE: Retail ~ ZONING: C4-2 BUYER: BLDG Management - Lloyd Goldman SELLER: Wharton Properties - Jeff Sutton & Joseph Sutton BROKERS: Chris Sheldon, Jordan Sutton, Robert Shapiro & Andreas Efthymiou @CushWake @TeamShapiroBuildingSales TENANTS: @Chipotle 🌯 & @BankOfAmerica 🏦 🇺🇸 SALE PRICE: $17,250,000 SF: 7,806 ~ PPSF: $2,209 NOTE FROM BROKER: 2076-2084 86th St. is a two story, newly renovated building with brand new 15-year net leases to @BankOfAmerica and @Chipotle. Please reach out to the listing brokers for more information and other like-kind opportunities currently available.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$919,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,285.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,773.80
Annual Debt Service$981,285.61