MedProperties Realty Advisors & Physicians Realty Trust Acquires Office Building On Bay Parkway For $81.5M
SOLD
$81,500,000
New York
See Similar Deals90,000 SF
Sold 09/12/2022
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
See Similar Deals90,000 SF
Sold 09/12/2022
Summary
NEW YORK
Price Per Square Foot:$905
Total Square Footage:90,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$289,552.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$386,351.58
Annual Debt Service$4,636,218.95
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