Jack Braha Of Apollo Acquisitions & Management Secures $10.5M Acquisition Loan For Brooklyn Office
2004 Mcdonald Avenue
$10,500,000
$432/SF
Building Size
24,300 SF
Asset Type
Office
Closing
Sep 19, 2024
About this deal
AI
The property asset involved in this transaction is located at 2000-2004 McDonald Avenue in Brooklyn. This office asset encompasses a total square footage of 24,300 and has a loan amount of $10,500,000 for acquisition. The loan was facilitated through the SBA lender.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,500,000
- Address: 2000-2004 McDonald Avenue
- Market: Brooklyn
- Square Footage: 24,300
- Lender: SBA
- Broker: Jack Braha - Apollo Acquisitions & Management
- Loan Type: Acquisition
Key individuals involved in this deal include Jack Braha, who represented the broker agency Apollo Acquisitions & Management. This transaction underscores the active role of commercial brokers in facilitating significant property acquisitions within the market.
Brooklyn Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93