BLDG Management Acquires Brooklyn Property From Seller Represented By Christopher Sheldon For $17.25M
SOLD
$17,250,000
New York
See Similar DealsRetail7,806 SF
Sold 06/08/2021
SOLD
BLDG Management Acquires Brooklyn Property From Seller Represented By Christopher Sheldon For $17.25M
2076 86th St, Brooklyn, NY, 11214
See Similar DealsRetail7,806 SF
Sold 06/08/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,209
Total Square Footage:7,806 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 2076 86th St, Brooklyn, NY, 11214. The transaction was finalized at a price of $17,250,000.00 and encompasses a total square footage of 7,806. This deal is situated within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $17,250,000.00
- Address: 2076 86th St, Brooklyn, NY, 11214
- Market: Brooklyn
- Seller's Representative: Christopher Sheldon-Cushman & Wakefield
- Buyer: BLDG Management
The deal involves Christopher Sheldon from Cushman & Wakefield representing the seller's interests while BLDG Management acts as the buyer. This sale marks a significant transaction within the property management sector in Brooklyn.
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Deal Type
30 years
10 years
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
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