Caspi Development Acquires Brooklyn Office Building For $18.9M
SOLD
New York
See Similar DealsOffice230,000 SF
Sold 05/17/2018
SOLD
Caspi Development Acquires Brooklyn Office Building For $18.9M
134 Broadway #136, Brooklyn, NY 11249, USA
See Similar DealsOffice230,000 SF
Sold 05/17/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:230,000 SF
Transaction Type:Sale
The office building located at 134-136 Broadway (also known as 402-410 Bedford Avenue) in Brooklyn, New York has been sold for $18,850,000. The property spans 23,000 square feet, resulting in a price per square foot of $819.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $18,850,000
- Square Footage: 23,000 sf
- Price Per Square Foot: $819
- Address: 134-136 Broadway (AKA 402-410 Bedford Avenue), Brooklyn, New York
The seller of the property was David Ekstein. On the other hand, Caspi Development, represented by Josh Caspi and Mactaggart Family & Partners LP, served as the buyer. The deal was facilitated by The Manhattes Group, with Michael acting as the broker.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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