National Safe Harbor Exchanges Acquires Property From Rupee Realty In Brooklyn For $4.33M
7702 Flatlands Ave, Brooklyn, NY, 112...
$4,330,000
$400/SF
Building Size
10,800 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 7702 Flatlands Ave, Brooklyn, NY. It was acquired for a price of $4,330,000.00 and encompasses a total square footage of 10,800. This transaction took place in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $4,330,000.00
- Address: 7702 Flatlands Ave, Brooklyn, NY, 112...
- Square Footage: 10,800
- Buyer: National Safe Harbor Exchanges
- Seller: Rupee Realty
- Buyer's Representative: Evan Street-Eastern Consolidated
This deal highlights the involvement of National Safe Harbor Exchanges as the buyer, and Rupee Realty as the seller, with Evan Street representing the buyer in this transaction. This collaboration facilitated the successful acquisition of the property.
Players
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
3.66%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93