Nir Sapir Sells Mixed-Use Property In Bedford-Stuyvesant For $7.3M
SOLD
$7,275,000
New York
See Similar DealsRetail12,971 SF
Sold 04/08/2022
SOLD
Nir Sapir Sells Mixed-Use Property In Bedford-Stuyvesant For $7.3M
766 Lafayette Avenue
See Similar DealsRetail12,971 SF
Sold 04/08/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$560
Total Square Footage:12,971 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$388,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,846.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,487.21
Annual Debt Service$413,846.54
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