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341 Eastern Pkwy, Brooklyn,...

Bluejay Management Sells 341 Eastern Pkwy Brooklyn For $52 Million With Rep Alexandra Rossland
SOLDMultiFamily

Bluejay Management Sells 341 Eastern Pkwy Brooklyn For $52 Million With Rep Alexandra Rossland

341 Eastern Pkwy, Brooklyn, NY, 11216

$52,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 18, 2016

AI

The property asset involved in this transaction is located at 341 Eastern Pkwy, Brooklyn, NY, 11216. It was sold for a price of $52,000,000.00. The seller in this transaction was Bluejay Management, and the market for this property is Brooklyn. The square footage of the property is not specified.

Summary of transation details:

  • Property Type: Sale
  • Transaction Amount: $52,000,000.00
  • Address: 341 Eastern Pkwy, Brooklyn, NY, 11216
  • Market: Brooklyn
  • Seller: Bluejay Management
  • Seller's Representative: Alexandra (Ali) Rossland, Westbridge Realty Group

Pacolet Milliken Enterprises is the buyer of the property, acquiring it from Bluejay Management as part of this transaction. The deal reflects the collaborative efforts of all parties involved, spearheaded by their respective representatives.

Players

Alexandra Rossland

Westbridge Realty Group

Broker

$122.8M

vol

9 deals

Broker
Bluejay Management
Bluejay ManagementSeller

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93