37 Schaefer St
37 Schaefer St, Brooklyn, NY, 11207
$1,450,000
$345/SF
Building Size
4,200 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The transaction involves a property located at 37 Schaefer St, Brooklyn, NY, with a sale price of $1,450,000. The asset spans a total of 4,200 square feet and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,450,000.00
- Address: 37 Schaefer St, Brooklyn, NY, 11207
- Square Footage: 4200
- Buyer: INK Property Group
- Seller: Jose Garce, Michael Harrington
- Buyer's Representative: Brian Davila - Investment Property Realty Group (IPRG), Greg Rhodes - Bestreich Realty Group
This transaction was facilitated by representatives Brian Davila and Greg Rhodes, who played crucial roles for the buyer, INK Property Group, ensuring a smooth negotiation process with the sellers, Jose Garce and Michael Harrington.
On the Map
$1,450,000
$345/SF
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Players
Brooklyn 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93