SOLD
FCA Acquires Property At 590 Leonard St Brooklyn For $2.89M With Matthew Steinberg As Seller's Rep
590 Leonard St, Brooklyn, NY, 11222
$2,890,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
AI
590 Leonard St, Brooklyn, NY, 11222, was sold for $2,890,000. The total square footage involved in this transaction was 0, and the property is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $2,890,000.00
- Address: 590 Leonard St, Brooklyn, NY, 11222
- Market: Brooklyn
- Seller: FCA
- Buyer: FCA
- Seller's Representative: Matthew Steinberg
Matthew Steinberg represented the seller FCA during the transaction. The buyer also identified as FCA confirms a closed transaction involving the same entity for both buying and selling aspects.
Players
FCASeller
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
5.49%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93