Excalibur Equities Acquires 697 Dekalb Avenue Conversion In Brooklyn For $2.4M
697 Dekalb Avenue, Brooklyn, NY, USA
$2,400,000
$250/SF
Building Size
9,600 SF
Asset Type
Mixed-use
Closing
Jun 18, 2018
About this deal
AI
A conversion property with approved plans located at 697 Dekalb Avenue, New York, Brooklyn was recently sold for $2,400,000. The property spans 9,600 square feet with a price per square foot of $250. The sale took place on June 19, 2018. The transaction was facilitated by Ioni Suarez, the seller from Argentina, and the buyer was Excalibur Equities. The deal was represented by Geraldine Dayan from Compass and Shay Zach from EPIC Commercial Realty.
Summary of transaction details
- Property Type: Conversion with approved plans
- Transaction Amount: $2,400,000
- Square Footage: 9,600
- Price per Square Foot: $250
- Address: 697 Dekalb Avenue, New York, Brooklyn
- Market: Brooklyn
- Seller: Ioni Suarez (Argentina)
- Buyer: Excalibur Equities
- Seller's Broker: Geraldine Dayan - Compass
- Buyer's Broker: Shay Zach - EPIC Commercial Realty
Shay Zach from EPIC Commercial Realty and Geraldine Dayan from Compass played a significant role in facilitating this transaction. The conversion property at 697 Dekalb Avenue, Brooklyn was successfully sold to Excalibur Equities for $2,400,000. Ioni Suarez, the seller from Argentina, entrusted the representation of the deal to these brokers.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Shay Zach to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93