Updated Oct 29, 2024
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
About this deal
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.
On the Map
$52,000,000
MultiFamily
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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