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1650 Eastern Parkway, Brook...

Updated Oct 28, 2024

Eprine Community Services Acquires Office Building In Brownsville For $8M
SOLDOffice

Eprine Community Services Acquires Office Building In Brownsville For $8M

1650 Eastern Parkway, Brooklyn, New York 11213, United States

$8,000,000

$702/SF

Building Size

11,384 SF

Asset Type

Office

Closing

Jul 26, 2022

About this deal

AI

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.

The office sale at 1650 Eastern Parkway, Brooklyn, New York 11213, United States in New York, New York sold for $8M in 2022. The building is 11,384 square feet, implying about 702 per square foot on the published price. Named participants on the 1650 Eastern Parkway, Brooklyn, New York 11213, United States sale are Gershon Eichorn. This page is the New York, New York file for the 1650 Eastern Parkway, Brooklyn, New York 11213, United States office sold: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else sold near 1650 Eastern Parkway, Brooklyn, New York 11213, United States around 2022. Published consideration for 1650 Eastern Parkway, Brooklyn, New York 11213, United States is $8M, dated 2022. Cite this Eprine Community Services Acquires Office Building In Brownsville For $8M sale when underwriting similar office product around New York, New York.

On the Map

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$8,000,000

$702/SF

Office

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Players

ES
Eprine Community ServicesBuyer

Gershon Eichorn

Seller

$49.4M

vol

7 deals

Seller
Bilt advertisement

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $702 per square foot on a published $8M for 11,384 square feet (2022).

Visit Gershon Eichorn to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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