Eprine Community Services Acquires Office Building In Brownsville For $8M
SOLD
$8,000,000
New York
See Similar DealsOffice11,384 SF
Sold 07/27/2022
SOLD
Eprine Community Services Acquires Office Building In Brownsville For $8M
1650 Eastern Parkway, Brooklyn, New York 11213, United States
See Similar DealsOffice11,384 SF
Sold 07/27/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$702
Total Square Footage:11,384 SF
Transaction Type:Sale
The office building located at 1650 Eastern Parkway in Brownsville has been sold for $8,000,000. The property spans 11,384 square feet, resulting in a price per square foot of $702.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 1650 Eastern Parkway
- Market: Brownsville
Eprine Community Services has purchased the office building from Gershon Eichorn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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