Alex Kostovetsky Acquires Retail Space At 50 Oceana Drive W. In Brighton Beach, Brooklyn For $5.1M
SOLD
$5,133,000
+ 2
New York
See Similar DealsRetail7,499 SF
Sold 12/14/2021
SOLD
Alex Kostovetsky Acquires Retail Space At 50 Oceana Drive W. In Brighton Beach, Brooklyn For $5.1M
50 Oceana Drive West, Brooklyn, NY 11235
See Similar DealsRetail7,499 SF
Sold 12/14/2021
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$684
Total Square Footage:7,499 SF
Transaction Type:Sale
A retail property located at 50 Oceana Drive W in Brighton Beach, Brooklyn has been sold. The property spans a total area of 7,499 square feet and was sold for a price of $5,133,000, resulting in a price per square foot of $684.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,133,000
- Address: 50 Oceana Drive W, Brighton Beach, Brooklyn
- Market: Brighton Beach, Brooklyn
The buyer of the property is Alex Kostovetsky, while the seller is Jason Muss. The transaction was facilitated by Michael Kook, Trever Gallina, Scott Plasky, and Alex Arustamian, who represent Marcus & Millichap as brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$273,760.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,236.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,333.04
Annual Debt Service$291,996.46
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