RedSky Capital Acquires Property In Brooklyn For $6 Million With Lender's Rep Employee RedSky
557 Fulton St, Brooklyn, NY, 11201
$6,000,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 557 Fulton St, Brooklyn, NY, 11201. It was sold for a price of $6,000,000.00 and encompasses 0 square feet, indicating that the transaction likely pertains to land or a similar type of property within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $6,000,000.00
- Address: 557 Fulton St, Brooklyn, NY, 11201
- Market: Brooklyn
- Lender's Representative: Employee, RedSky-RedSky
- Buyer: RedSky Capital
- Seller: Not specified
The transaction features key individuals and entities involved, with the lender's representative being an employee from RedSky-RedSky. RedSky Capital is noted as the buyer in this real estate transaction.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93