Industrie Capital Partners And HH Equities Acquire Medical Office In Midwood For $3.8M
SOLD
$3,800,000
New York
See Similar DealsOffice13,920 SF
Sold
SOLD
Industrie Capital Partners And HH Equities Acquire Medical Office In Midwood For $3.8M
1636 East 14th Street, Brooklyn, NY, USA
See Similar DealsOffice13,920 SF
Sold
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$273
Total Square Footage:13920 SF
Transaction Type:Sale
A medical office located at 1636 East 14th Street in Midwood has been sold for $3,800,000. The property spans 13,920 square feet, resulting in a price per square foot of $272. The sale took place off-market, and the previous sale price was $4,800,000 in September 2016.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $3,800,000
- Address: 1636 East 14th Street
- Market: Midwood
- Square Footage: 13,920
- Price per Square Foot: $272
The buyer of the medical office is Industrie Capital Partners represented by Joseph Hamway, and HH Equities represented by Ariel Akkad. The seller of the property is Soon Lee. The transaction was facilitated by Ceasar Salama and Marc Smouha from Kassin Sabbagh Realty.
Note: This transaction was not publicly marketed, indicating an off-market deal.
For more information, please contact Ceasar Salama directly:
👤Ceasar Salama
📧 [email protected]
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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