Sterling Town Equities Sells Office Property In Bedford-Stuyvesant, Brooklyn For $3.1M
SOLD
$3,100,000
+ 1
New York
See Similar DealsOffice7,638 SF
Sold
SOLD
Sterling Town Equities Sells Office Property In Bedford-Stuyvesant, Brooklyn For $3.1M
11 Herkimer Place, Brooklyn, New York 11216, United States
See Similar DealsOffice7,638 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$405
Total Square Footage:7638 SF
Transaction Type:Sale
11 Herkimer Place, a 7,638 square foot office property located in Bedford-Stuyvesant, Brooklyn, was recently sold for $3,100,000. The sale was facilitated by Dov Chein, Jonathan Berman, and Sean R. Kelly Esq. from Ariel Property Advisors on behalf of Sterling Town Equities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,100,000
- Address: 11 Herkimer Place, Bedford-Stuyvesant, Brooklyn
- Market: Bedford-Stuyvesant, Brooklyn
Yossi Ariel represented Sterling Town Equities in the deal. Dov Chein, Jonathan Berman, and Sean R. Kelly Esq. served as the brokers from Ariel Property Advisors.
Players
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
Is there something missing? Send suggestions