$89.5M Sunset Park Office Sale At 14 53rd Street - Rosewood Realty Group & Northgate Real Estate Group
14 53rd Street
$89,500,000
$234/SF
Building Size
382,080 SF
Asset Type
Office
Closing
Aug 9, 2023
About this deal
AI
The property involved in this transaction is an office located at 14 53rd Street in Sunset Park, Brooklyn. The sale price for this property was $89,500,000, with a total square footage of 382,080. The price per square foot was $234. This transaction was a UCC foreclosure sale, specifically involving membership interests. The sale price reflects the outstanding balance.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $89,500,000
- Address: 14 53rd Street, Brooklyn
- Market: Sunset Park
- Square Footage: 382,080
- Price Per Square Foot: $234
This deal was facilitated by two brokers. Aaron Jungreis from Rosewood Realty Group and Greg Corbin from Northgate Real Estate Group represented the parties involved in this transaction. They played a crucial role in bringing this deal to a successful closure.
On the Map
$89,500,000
$234/SF
Office
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Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93