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
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