Physician's Realty Trust & MedProperties Realty Advisors Acquire Special Purpose Property In Brooklyn For $81.5M
6010 Bay Pkwy.
$81,500,000
Building Size
—
Asset Type
—
Closing
Sep 9, 2022
About this deal
AI
The property asset involved in this transaction is a special purpose facility located at 6010 Bay Pkwy, Brooklyn. The sale price was $81,500,000, and the asset encompasses a total square footage of 90,000, resulting in a price per square foot of $905.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $81,500,000
- Address: 6010 Bay Pkwy, Brooklyn
- Square Footage: 90,000
- Price per Square Foot: $905
- Buyer: Physician's Realty Trust & MedProperties Realty Advisors
- Seller: Markus Marcal
- Broker: Maarten Deschaumes - LEC Advisors
The transaction includes notable parties such as Physician's Realty Trust and MedProperties Realty Advisors, which are the buyers representing interests in the acquisition of the property. Markus Marcal served as the seller, while the deal was brokered by Maarten Deschaumes from LEC Advisors.
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