Shlomi Bagdadi & Avi Akiva Represent Brooklyn Financial Group In Lease Deal At 185 Marcy Ave In Williamsburg
185 Marcy Ave, Brooklyn, NY 11211, USA
Building Size
12,606 SF
Asset Type
Office
Closing
Jun 21, 2018
AI
The mixed-use property located at 185 Marcy Ave in Williamsburg has been involved in a closed transaction. The property spans 19,160 square feet and was sold for a price of $55 per square foot.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $55 per square foot
- Tenant: Brooklyn Financial Group
- Landlord: Joel Perlstein
- Brokers: Shlomi Bagdadi & Avi Akiva
The deal involved Brooklyn Financial Group as the tenant, with Joel Perlstein serving as the landlord. The brokers responsible for facilitating the transaction were Shlomi Bagdadi and Avi Akiva.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93