FCA Acquires 4500 SF Property At 1275 Nostrand Ave Brooklyn For $1.8M With Brian Underkofler And Erik Rodriguez
1275 Nostrand Ave, Brooklyn, NY, 112...
$1,800,000
$400/SF
Building Size
4,500 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property located at 1275 Nostrand Ave, Brooklyn, NY is a 4,500 square foot asset that was sold for $1,800,000.00. This transaction took place in the Brooklyn market, involving direct negotiations between the buyer and seller represented by their respective agents.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $1,800,000.00
- Address: 1275 Nostrand Ave, Brooklyn, NY, 112...
- Market: Brooklyn
- Buyer: FCA
- Seller: FCA
- Buyer's Representatives: Brian Underkofler - Investment Property Realty Group (IPRG), Erik Rodriguez
This transaction involved the buyer and seller both being FCA. The representatives facilitating the deal were Brian Underkofler and Erik Rodriguez, who played essential roles in the successful negotiation of the sale.
Players
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93