Jackson Group Acquires Retail Property In Bensonhurst For $4.3M
SOLD
$4,300,000
New York
See Similar DealsRetail8,000 SF
Sold 08/19/2021
SOLD
Jackson Group Acquires Retail Property In Bensonhurst For $4.3M
2147 86th St, Bensonhurst, Brooklyn, NY, USA
See Similar DealsRetail8,000 SF
Sold 08/19/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$537
Total Square Footage:8,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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