Nir Sapir Sells Mixed-Use Property In Bedford-Stuyvesant For $7.3M
766 Lafayette Avenue
$7,275,000
$560/SF
Building Size
12,971 SF
Asset Type
Retail
Closing
Apr 8, 2022
AI
A mixed-use property located at 766 Lafayette Ave. in Bedford-Stuyvesant has been sold for a price of $7,275,000. The property, with a total square footage of 12,971, was sold by Nir Sapir. The sale was facilitated by the broker Giovanni Castro from Compass. The property is situated in a desirable market in Bedford-Stuyvesant.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $7,275,000
- Square Footage: 12,971
- Address: 766 Lafayette Ave.
- Market: Bedford-Stuyvesant
Giovanni Castro from Compass played a key role as the broker in this transaction. Their expertise and representation helped facilitate the sale of the property. The successful closing of this deal highlights the collaborative effort between the seller, Nir Sapir, and the broker Giovanni Castro from Compass.
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
2.18%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93