facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Commercial

/

Sale

/

1752 Shore Pkwy, Brooklyn, ...

Algin Management Acquires Property From Thor Equities For $73 Million In Brooklyn
SOLDCommercial

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

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.

Players

David Zambratto

Newmark

Broker

$73M

vol

1 deal

Broker
Compass
CompassBrokerage
Thor Equities
Thor EquitiesSeller

Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

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