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2630 86 St, Brooklyn, New Y...

Updated Dec 19, 2023

Konstantino Skrivanos Acquires Retail Property In Gravesend, Brooklyn For $5.15M
SOLDRetail

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

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.8K per square foot on a published $5.2M for 2,901 square feet (2021).

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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

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