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1200 Brickell Avenue, Brickell

Ascot Properties NYC Acquires Office On Brickell Avenue For $7M
SOLDOffice

Ascot Properties NYC Acquires Office On Brickell Avenue For $7M

1200 Brickell Avenue, Brickell

$7,000,000

$270/SF

Building Size

25,893 SF

Asset Type

Office

Closing

Jan 30, 2023

AI

The office property located at 1200 Brickell Avenue 10th & 11th Fl in the Brickell market has been sold for a total price of $7,000,000. The property spans an area of 25,893 square feet, resulting in a price per square foot of $270.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $7,000,000
  • Address: 1200 Brickell Avenue 10th & 11th Fl
  • Market: Brickell

The buyer of the property is Luca Singh Bhalla and Lucky Bhalla from Ascot Properties NYC. They were represented by Rodrigo Gomez and Marcello Agostini from AG Advisors. On the other side, the seller was represented by Fabio Sebastian and Sebastian Faerman from Fortune International Realty.

Players

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker
AN
Ascot Properties NYCBuyer

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93