Xiaojun Chen Acquires Gas Station In Brooklyn's Bay Ridge For $5.65M
640 86th St, Brooklyn, NY 11228, USA
$5,650,000
$20/SF
Building Size
270,150 SF
Asset Type
Retail
Closing
May 6, 2019
About this deal
AI
A gas station located at 640 86th St in Brooklyn, Bay Ridge was recently sold for $5,650,000. The property features a building square footage of 27,015 and is situated in a C4-2A zoning area.
Summary of transaction details
- Property Type: Gas Station
- Transaction Amount: $5,650,000
- Building Square Footage: 27,015
- Price Per Building Square Foot: $209
- Zoning: C4-2A
Xiaojun Chen is the buyer of the gas station, while the seller is Demetrious Ponou. The transaction was facilitated by @RubinIsak as the broker representing the parties involved.
On the Map
$5,650,000
$20/SF
Retail
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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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93