Jackson Group Acquires Retail Property In Bensonhurst For $4.3M
2147 86th St, Bensonhurst, Brooklyn, NY, USA
$4,300,000
$537/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Aug 19, 2021
AI
An 8,000 square foot retail property located at 2147 86th St. in Bensonhurst has been sold for $4,300,000. The property was sold by Joan Segal to Jackson Group, represented by Elliott J. Chehebar. The transaction was facilitated by Michael Mirz of Feratovic Creed Realty Group LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 2147 86th St.
- Market: Bensonhurst
- Buyer: Jackson Group - Elliott J. Chehebar
- Seller: Joan Segal
- Broker: Michael Mirz - Feratovic Creed Realty Group LLC
The retail property in Bensonhurst was successfully sold, with Jackson Group, represented by Elliott J. Chehebar, acquiring the property from Joan Segal. The transaction was brokered by Michael Mirz of Feratovic Creed Realty Group LLC.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93