facebook
Traded Co logo
Submit

Bruman Realty Acquires Multifamily Property In Gravesend For $3.5M

Property Image
SOLD
$3,500,000

New York

See Similar Deals
MultiFamily
Sold 10/07/2022
the dealplayerscompscontact
Property Image
SOLD

Bruman Realty Acquires Multifamily Property In Gravesend For $3.5M

125 Kings Highway, Brooklyn, New York 11223, United States

See Similar Deals
MultiFamily
Sold 10/07/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 125 Kings Highway in Gravesend has been sold for a price of $3,500,000. The transaction took place on 10/07/2022. The property, captured in an image by Christopher J. Constant, was acquired by Bruman Realty, represented by Joseph Brunner. The seller in this deal was Getty Realty Corp, with Christopher J. Constant as their representative. The asset type of the property is multifamily, making it suitable for residential purposes. The market value of the property was not specified in the available information.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Date: 10/07/2022
  • Address: 125 Kings Highway, Gravesend
  • Buyer: Bruman Realty - Joseph Brunner
  • Seller: Getty Realty Corp - Christopher J. Constant

The loan for this transaction was provided by Webster Bank. The loan amount was $27,500,000, and it was classified as a construction loan. No additional details about the property, such as square footage or specific loan terms, were mentioned in the available information.

Players

18 deals$658.8M volume
BUYER

2 deals$7.1M volume
SELLER

LENDER

Details

SOLD
IMAGE: & LOAN IMAGE: Christopher J. Constant DATE: 10/07/2022 ADDRESS: 125 Kings Highway MARKET: Gravesend ASSET TYPE: Multifamily BUYER: Bruman Realty - Joseph Brunner SELLER: Getty Realty Corp - Christopher J. Constant LENDER: Webster Bank (@WebsterBank_) SALE PRICE: $3,500,000 LOAN AMOUNT: $27,500,000 LOAN TYPE: Construction

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43