RedSky Capital Acquires Property In Brooklyn For $6 Million With Lender's Rep Employee RedSky
SOLD
$6,000,000
New York
See Similar DealsSOLD
RedSky Capital Acquires Property In Brooklyn For $6 Million With Lender's Rep Employee RedSky
557 Fulton St, Brooklyn, NY, 11201
See Similar DealsSummary
NEW YORK
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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