Sugar Hill Capital Partners Acquires Property At 315 Seigel St Brooklyn For $39.5M By Buyer Rep Melissa Warren
SOLD
$39,500,000
New York
See Similar Deals50,000 SF
SOLD
Sugar Hill Capital Partners Acquires Property At 315 Seigel St Brooklyn For $39.5M By Buyer Rep Melissa Warren
315 Seigel St, Brooklyn, NY, 11206
See Similar Deals50,000 SF
Summary
NEW YORK
Price Per Square Foot:$790
Total Square Footage:50,000 SF
Transaction Type:Sale
The property involved in the transaction is located at 315 Seigel St, Brooklyn, NY, 11206. It was sold for $39,500,000.00, covering a total area of 50,000 square feet and situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $39,500,000.00
- Address: 315 Seigel St, Brooklyn, NY, 11206
- Market: Brooklyn
- Buyer: Sugar Hill Capital Partners
- Seller: Acuity Capital Partners
- Buyer's Representative: Melissa Warren (TerraCRG)
The deal featured Sugar Hill Capital Partners as the buyer and Acuity Capital Partners as the seller. Representing the buyer in this transaction was Melissa Warren from TerraCRG, facilitating the process in the Brooklyn market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$140,335.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$187,250.15
Annual Debt Service$2,247,001.82
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