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.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Gershon Eichorn to view all their deals.
Browse New York office sales on Traded.
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