Updated Oct 29, 2024
Algin Management Acquires Property From Thor Equities For $73 Million In Brooklyn
1752 Shore Pkwy, Brooklyn, NY, 11214
$73,000,000
Building Size
—
Asset Type
Commercial
Closing
Oct 1, 2019
About this deal
AI
The property involved in this transaction is located at 1752 Shore Pkwy, Brooklyn, NY, 11214. The sale price for the property was $73,000,000.00. The asset comprises 0 square feet and falls within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $73,000,000.00
- Address: 1752 Shore Pkwy, Brooklyn, NY, 11214
- Market: Brooklyn
- Seller: Thor Equities
- Buyer: Algin Management
- Seller's Representative: David Zambratto - Newmark Knight Frank
The transaction highlights the involvement of Algin Management as the buyer and Thor Equities as the seller. David Zambratto from Newmark Knight Frank represented the seller in this closing transaction.
On the Map
$73,000,000
Commercial
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Players
Brooklyn Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93