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1 Flatbush Ave, Brooklyn, N...

Updated Dec 4, 2024

Goldman Sachs Acquires Property From Slate Property Group For $101.4 Million In Brooklyn
SOLDMultiFamily

Goldman Sachs Acquires Property From Slate Property Group For $101.4 Million In Brooklyn

1 Flatbush Ave, Brooklyn, NY, 11217

$101,400,000

Building Size

Asset Type

MultiFamily

Closing

Jun 16, 2020

About this deal

AI

The property located at 1 Flatbush Ave, Brooklyn, NY, 11217 was sold for $101,400,000.00. The transaction is situated in the Brooklyn market and encompasses a total square footage of 0.

Summary of transaction details:

The deal involved notable parties, including Goldman Sachs as the buyer and Slate Property Group as the seller. The transaction was facilitated by multiple representatives from Newmark and Cushman & Wakefield, contributing to the successful closing of the deal.

Players

Adam Doneger

Newmark

Broker

$51.2B

vol

196 deals

Broker
Avery Silverstein
Verified Badge

Avery Silverstein

Newmark

Broker

$15.1B

vol

65 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Goldman Sachs
Goldman SachsBuyer
Slate Property Group
Slate Property GroupSeller
Slate Property Group
Slate Property GroupLender

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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