Pearl Garfinkel Acquires Bensonhurst Retail Properties From Aurora CapitalRE & A&H Acquisitions Corp. For $15.15M
6817 Bay Pkwy, Brooklyn, NY, USA
$15,150,000
$1,174/SF
Building Size
12,898 SF
Asset Type
Retail
Closing
Dec 20, 2020
About this deal
AI
The retail property located at 6817 & 6831 Bay Pkwy in Bensonhurst, with a total square footage of 12,898, has been sold for a price of $15,150,000. The price per square foot for this transaction was $1,174, and the building square footage is 71,661, resulting in a price per building square foot of $211. The property is zoned as R5B and C4-2A.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,150,000
- Address: 6817 & 6831 Bay Pkwy, Bensonhurst
- Market: Bensonhurst
- Zoning: R5B, C4-2A
Alex Adjmi shared an image of the property on Instagram. The buyer, in this transaction, is Pearl Garfinkel, and she acquired the property from @AuroraCapitalRE and A&H Acquisitions Corp. @Badjjj.
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
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93