Robert Sabbagh Acquires Bay Ridge Retail Property For $3.6M From Kevin Roberts
430 89th Street, Brooklyn, New York 11209, United States
$3,600,000
$360/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 9, 2021
About this deal
AI
A retail property located at 430 89 Street in Bay Ridge, Brooklyn has been sold. The property is zoned as C8-2, BR and has a lot size of 10,000 square feet. The building has a total floor area of 20,000 square feet, with a price per square foot of $180. The sale price for the property was $3,600,000, with a price per square foot of $360. The property's last sale was on November 14, 2002 for $0. The dimensions of the lot are 100.08 ft x 100 ft.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $3,600,000
- Market: Bay Ridge, Brooklyn
- Zoning: C8-2, BR
- Lot Size: 10,000 square feet
- Building Size: 20,000 square feet
- Price per Square Foot: $180
- Last Sale Price: $0 (11/14/2002)
- Lot Dimension: 100.08 ft x 100 ft
In this transaction, Robert Sabbagh purchased the property located at 430 89 Street from Kevin Roberts for a total price of $3,600,000. Robert Sabbagh was represented by their broker, while Kevin Roberts represented himself.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93