Updated Dec 4, 2024
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:
- Property Type: Sale
- Transaction Amount: $101,400,000.00
- Address: 1 Flatbush Ave, Brooklyn, NY, 11217
- Market: Brooklyn
- Seller: Slate Property Group
- Buyer: Goldman Sachs
- Seller's Representatives: Adam Doneger-Newmark, Adam Spies-Newmark, Avery Silverstein-Newmark, Dan O’Brien-Cushman & Wakefield
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
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