Sam Hertz Acquires Mixed-Use Asset At 420 Avenue F Brooklyn From Harry Mikel & Abraham Jermias For $46M
420 Avenue F, 320 Ocean Parkway & 2302 85th St
$46,000,000
$97/SF
Building Size
158,094 SF
Asset Type
Mixed-use
Closing
Jan 11, 2018
About this deal
AI
The transaction involved a mixed-use property located at 420 Avenue F in Brooklyn, which has a total square footage of 158,094. The property was purchased for a total transaction amount of $46,000,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $46,000,000.00
- Address: 420 Avenue F
- Market: Brooklyn
- Square Footage: 158,094.0
- Buyer: Sam Hertz
- Seller: Harry, Mikel & Abraham Jermias
- Brokers Involved: Isaac Moskowitz, Shlomo Antebi (Atlas Realty Group), Yosef Katz (Atlas Realty Group), Aron Taub, Erik Yankelovich (Atlas Realty Group)
This transaction was facilitated by a team of brokers, with Shlomo Antebi, Yosef Katz, and Erik Yankelovich representing the Atlas Realty Group. Isaac Moskowitz and Aron Taub were also involved in the transaction alongside the buyer and seller entities.
On the Map
$46,000,000
$97/SF
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93