SOLD
Sam Obeid Acquires Mixed-Use Property In Bay Ridge, Brooklyn For $5.5M
484 67th Street
Mixed-use
16,748 SF
16,748 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
16,748 sqft
The mixed-use property located at 484 67th Street in Bay Ridge, Brooklyn has been sold in a recent transaction. The property consists of 21 apartments and 3 stores, offering a total of 16,748 square feet of space. The sale price for this transaction was $5,485,000, resulting in a price per square foot of $327.50. The seller of the property was Raymond Orfaly, and the buyer was Sam Obeid.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,485,000
- Address: 484 67th Street, Bay Ridge, Brooklyn
- Market: Bay Ridge, Brooklyn
- Size: 16,748 square feet
The transaction was facilitated by the brokers, John Brennan from The Brennan Team of MM at Marcus & Millichap NY, and Wade Jabour from Jabour Realty. The property was originally listed with an asking price of $6,000,000, indicating a discounted sale price of $5,485,000. The transaction also included 3 vacant apartments, presenting potential for future rental income. With a projected capitalization rate of 5%, this sale offered attractive investment prospects.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: John Brennan
DATE: 06/10/2020
ADDRESS: 484 67th Street
MARKET: Bay Ridge, Brooklyn
ASSET TYPE: Mixed-use
SELLER: Raymond Orfaly
BUYER: Sam Obeid
BROKERS: John Brennan @TheBrennanTeamOfMM @MarcusMillichap_NY & Wade Jabour - Jabour Realty
ASKING PRICE: $6,000,000
SALE PRICE: $5,485,000
SF: 16,748 ~ PPSF: $327.50.50
UNITS: 21 Apartments & 3 Stores ~ PPU: $228,541
NOTE: This property was sold with 3 vacant apartments and a projected CAP Rate of 5%View on map
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Address484 67th Street
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