BLDG Management Acquires Brooklyn Property From Seller Represented By Christopher Sheldon For $17.25M
2076 86th St, Brooklyn, NY, 11214
$17,250,000
$2,209/SF
Building Size
7,806 SF
Asset Type
Retail
Closing
Jun 8, 2021
About this deal
AI
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.
On the Map
$17,250,000
$2,209/SF
Retail
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Players
Brooklyn 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93