Braverhood Acquires Office Building In Borough Park, Brooklyn For $10M
1527 60th St Brooklyn, NY 11219, USA
$10,000,000
$1,740/SF
Building Size
5,745 SF
Asset Type
Office
Closing
Jun 15, 2023
About this deal
AI
Braverhood, represented by Israel Benedek from Braverhood, has acquired an office building in Brooklyn's Borough Park for a total of $10,000,000. The property, located at 1527 60th Street, spans 5,745 square feet and includes additional air rights, allowing for a total buildable area of 13,052 square feet. The transaction was completed with the seller, William Nussen and Malka Nussen.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,000,000
- Building Square Footage: 5,745
- Price per Square Foot: $1,741
- Total Buildable Area: 13,052
- Buyer: Braverhood - Israel Benedek
- Seller: William Nussen & Malka Nussen
This acquisition showcases Braverhood's investment in the Borough Park office market. Led by Israel Benedek from Braverhood, the deal highlights the growing demand for office spaces in Brooklyn's thriving commercial district.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93