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430 89th Street, Brooklyn, ...

Updated Dec 21, 2023

Robert Sabbagh Acquires Bay Ridge Retail Property For $3.6M From Kevin Roberts
SOLDRetail

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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Deal FAQ

About $360 per square foot on a published $3.6M for 10,000 square feet (2021).

Browse New York retail sales on Traded.

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

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