Adam America Real Estate, CGI Strategies Sell Greenwood Condo Units For $71.4M
185 18th St, Greenwood Heights, Brooklyn, NY, USA
$71,400,000
$95,200/SF
Building Size
750 SF
Asset Type
—
Closing
Nov 28, 2021
About this deal
AI
Adam America Real Estate and CGI Strategies have sold a condominium property located at 185 18th St in Greenwood. The condo property consists of 73 units. The transaction was facilitated by Brendan Aguayo of The Aguayo Team, representing the seller.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $71,400,000
- Address: 185 18th St
- Market: Greenwood
Omri Sachs and Dvir Cohen-Hoshen from Adam America Real Estate, along with Gidi Cohen from CGI Strategies, were the sellers of the condo property. The seller's representative, Brendan Aguayo of Brown Harris Stevens Development Marketing, played a key role in facilitating the transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93