SOLD
MedProperties Realty Advisors & Physicians Realty Trust Acquires Office Building On Bay Parkway For $81.5M
6010 Bay Parkway, Brooklyn, New York 11204, United States
$81,500,000
$905/SF
Building Size
90,000 SF
Asset Type
—
Closing
Sep 11, 2022
AI
The office property located at 6010 Bay Parkway in Bensonhurst has been sold. The transaction took place on 09/12/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $81,500,000
- Size: 140,000 square feet
- Price per square foot: $582
- Market: Bensonhurst
The buyer of the property is MedProperties Realty Advisors & Physicians Realty Trust, while the seller is Marcal Group - Mark Caller.
Players
New York 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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93