Avanath Capital Management LLC Acquires Mixed-Use Property In Brooklyn For $315M
38 6th Avenue
$315,000,000
Building Size
—
Asset Type
Mixed-use
Closing
May 27, 2022
AI
Daryl Carter & John R. Williams have successfully closed a mixed-use property transaction in Brooklyn. The property is located at 38 6th Avenue & 535 Carlton Avenue. The sale took place on 05/28/2022, with Avanath Capital Management LLC acquiring the property for a total price of $315,000,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $315,000,000
- Market: Brooklyn
- Buyer: Avanath Capital Management LLC - Daryl Carter & John R. Williams
Daryl Carter & John R. Williams represented Avanath Capital Management LLC as their brokers in the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93