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
About this deal
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.
On the Map
$7,000,000
$270/SF
Office
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Players
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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