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Pearl Garfinkel Acquires Bensonhurst Retail Properties From Aurora CapitalRE & A&H Acquisitions Corp. For $15.15M

Property Image
SOLD
$15,150,000

New York

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Retail12,898 SF
Sold 12/21/2020
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Property Image
SOLD

Pearl Garfinkel Acquires Bensonhurst Retail Properties From Aurora CapitalRE & A&H Acquisitions Corp. For $15.15M

6817 Bay Pkwy, Brooklyn, NY, USA

See Similar Deals
Retail12,898 SF
Sold 12/21/2020
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,174
Total Square Footage:12,898 SF
Transaction Type:Sale

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

PG
Pearl Garfinkel
2 deals$39.5M volume
BUYER
Aurora Capital Associates
Aurora Capital Associates
SELLER
A&H Acquisitions Corp.
A&H Acquisitions Corp.
SELLER

Details

SOLD
IMAGE: Alex Adjmi DATE: 12/21/2020 ADDRESS: 6817 & 6831 Bay Pkwy MARKET: Bensonhurst ASSET TYPE: Retail ~ ZONING: R5B, C4-2A BUYER: Pearl Garfinkel SELLER: @AuroraCapitalRE & A&H Acquisitions Corp. @Badjjj PRICE: $15,150,000 SF: 12,898 ~ PPSF: $1,174 BSF: 71,661 ~ PPBSF: $211

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$808,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,824.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,818.73
Annual Debt Service$861,824.75