FCA Acquires Property At 590 Leonard St Brooklyn For $2.89M With Matthew Steinberg As Seller's Rep
SOLD
$2,890,000
New York
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FCA Acquires Property At 590 Leonard St Brooklyn For $2.89M With Matthew Steinberg As Seller's Rep
590 Leonard St, Brooklyn, NY, 11222
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NEW YORK
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,267.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,700.07
Annual Debt Service$164,400.89
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