Kaelyn & Lam Lee Acquire Retail Property In Bensonhurst For $2.7M
2205 86th St, Brooklyn, NY 11214, USA
$2,700,000
$1,069/SF
Building Size
2,525 SF
Asset Type
Retail
Closing
Apr 6, 2020
About this deal
AI
The retail property located at 2205 86th St. in Bensonhurst has been sold in a closed transaction. The property spans a total of 2,525 square feet, with a price per square foot of $1,069. The transaction took place on April 7, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 2205 86th St.
- Market: Bensonhurst
Kaelyn & Lam Lee acted as the buyers in this transaction, while the Harary Family served as the sellers. The buyers acquired the property from the sellers for a total price of $2,700,000.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93