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
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.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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