Seong Pan Si Acquires Mixed-Use Property In Bensonhurst For $2.09M
8609 18th Avenue
3,880 SF
Summary
John Brennan and Samuel Finkler have closed a transaction in Bensonhurst, Brooklyn. The mixed-use property is located at 8609 18th Avenue and was sold for a price of $2,090,000. The property spans across 3,880 square feet, with a price per square foot of $539. It consists of three units and has a current capitalization rate of 0.88%, with a pro-forma capitalization rate of 4.42%. The gross rent multiplier (GRM) for the property is 52.77, with a pro-forma GRM of 17.42.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,090,000
- Square Footage: 3,880
- Price per Square Foot: $539
- Units: 3
- Current Capitalization Rate: 0.88%
- Pro-forma Capitalization Rate: 4.42%
- Current Gross Rent Multiplier (GRM): 52.77
- Pro-forma Gross Rent Multiplier (GRM): 17.42
The seller of the property was Peter Magavero, while the buyer was Seong Pan Si. The transaction was facilitated by Marcus & Millichap, with John Brennan representing the buyer's side as the broker.
Players
All
4
Agents
2
Agencies
2
Details
View on map
Loading...
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want