FCA Purchases 1249 Dekalb Avenue In Brooklyn For $925000 With Seller's Rep Isaac Shrem
SOLD
$925,000
New York
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SOLD
FCA Purchases 1249 Dekalb Avenue In Brooklyn For $925000 With Seller's Rep Isaac Shrem
1249 Dekalb Ave, Brooklyn, NY, 11221
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Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
The property located at 1249 Dekalb Ave, Brooklyn, NY, 11221 was sold for $925,000.00. The square footage for this transaction was recorded as 0. This sale occurs within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $925,000.00
- Buyer: FCA
- Seller: 1249 Dekalb Avenue LLC
- Buyer's Representative: Hen Vaknin
- Seller's Representative: Isaac Shrem - Westbridge Realty Group
Hen Vaknin represented the buyer, FCA, in this transaction, while Isaac Shrem from Westbridge Realty Group represented the seller, 1249 Dekalb Avenue LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
Annual Debt Service$52,619.66
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