Alex Kostovetsky Acquires Retail Space At 50 Oceana Drive W. In Brighton Beach, Brooklyn For $5.1M
50 Oceana Drive West, Brooklyn, NY 11235
$5,133,000
$684/SF
Building Size
7,499 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
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.
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
3.09%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93