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766 Lafayette Avenue

Nir Sapir Sells Mixed-Use Property In Bedford-Stuyvesant For $7.3M
SOLDRetail

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

Giovanni Castro

Compass

Broker

$29M

vol

7 deals

Broker

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