BH 99 Atlantic Acquires Property At 99 Atlantic Ave Brooklyn For $3.7M From Seller Holm & O'Hara
99 Atlantic Ave, Brooklyn, NY, 11201
$3,700,000
$740/SF
Building Size
5,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 99 Atlantic Ave, Brooklyn, NY, 11201 encompasses 5,000 square feet and is situated in the Brooklyn market. It was sold for a total price of $3,700,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,700,000.00
- Buyer: BH 99 Atlantic
- Seller: Holm & O'Hara
- Buyer's Representative: Jonathan Cypers, Marcus & Millichap
- Square Footage: 5,000
- Address: 99 Atlantic Ave, Brooklyn, NY, 11201
- Market: Brooklyn
The transaction involved key individuals including Jonathan Cypers, who represented the buyer, BH 99 Atlantic, and the seller, Holm & O'Hara. The representation was facilitated by Marcus & Millichap, emphasizing the competitive nature of real estate transactions in Brooklyn.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93