Konstantino Skrivanos Acquires Retail Property In Gravesend, Brooklyn For $5.15M
2630 86 St, Brooklyn, New York 11223, United States
$5,150,000
$1,775/SF
Building Size
2,901 SF
Asset Type
Retail
Closing
Dec 2, 2021
About this deal
AI
A retail property located at 2630 86 Street in Gravesend, Brooklyn has been sold in a recent transaction. The property has a total square footage of 2,901, with a price per square foot of $1,775. The total price for the property was $5,150,000. The building has a total BSF (building square footage) of 30,912, and a PPBSF (price per building square footage) of $166. The property is situated on a lot with a size of 15,456 square feet, with dimensions of 145.58 ft x 83 ft. The transaction took place on 12/03/2021, and the seller was Gregory J Sofio, while the buyer was Konstantino Skrivanos.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,150,000
- Zoning: C8-2
- Market: Gravesend, Brooklyn
- Last Sale Price (9/25/2019): $0
- Lot Size: 15,456 square feet
- Lot Dimension: 145.58 ft x 83 ft
- Tax Class: 4
- FAR: 0.16
This transaction involved the buyer, Konstantino Skrivanos, and the seller, Gregory J Sofio. The property is zoned as C8-2 and is located in the Gravesend market of Brooklyn. The lot size is 15,456 square feet, with dimensions of 145.58 ft x 83 ft. The property's tax class is 4, and the FAR (floor area ratio) is 0.16. The buyer, Konstantino Skrivanos, acquired the property from the seller, Gregory J Sofio, for a total price of $5,150,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93