Private Investor Sells 15000 SF Property At 1079 Lafayette Ave Brooklyn For $3.25M
1079 Lafayette Ave, Brooklyn, NY, 11...
$3,250,000
$216/SF
Building Size
15,000 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property located at 1079 Lafayette Ave, Brooklyn, NY, was sold for $3,250,000.00. This transaction involved a total square footage of 15,000 in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,250,000.00
- Address: 1079 Lafayette Ave, Brooklyn, NY
- Market: Brooklyn
- Seller: Private Investor
- Buyer: Unknown Developer
- Seller's Representative: Daniel Greenblatt-Marcus & Millichap
Daniel Greenblatt, representing Marcus & Millichap, facilitated the transaction on behalf of the seller, a private investor. The buyer remains an unknown developer, indicating an ongoing interest in the Brooklyn real estate market.
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93