601 Baltic LLC Acquires Property At 122 4th Ave Brooklyn From Edward Santalone For $2.1M
122 4th Ave, Brooklyn, NY, 11217
$2,100,000
$350/SF
Building Size
6,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 122 4th Ave, Brooklyn, NY, 11217. The sale was completed for a total price of $2,100,000.00. The asset encompasses a total square footage of 6000 within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,100,000.00
- Address: 122 4th Ave, Brooklyn, NY, 11217
- Market: Brooklyn
- Buyer: 601 Baltic LLC
- Seller: Edward Santalone
- Buyer's Representative: Jonathan Cypers (Marcus & Millichap)
The transaction showcases the active involvement of Jonathan Cypers from Marcus & Millichap representing the buyer, 601 Baltic LLC. Edward Santalone participated in the sale as the seller, marking a significant engagement between these entities in the property market.
On the Map
$2,100,000
$350/SF
View full map
Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Jonathan (Jon) Cypers to view all their deals.
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93