CitiView Management Acquires Retail & Office Property In Homecrest, Brooklyn
1673 East 16th Street #1683, Brooklyn, NY 11229, USA
Building Size
7,816 SF
Asset Type
Office
Closing
Dec 7, 2017
About this deal
AI
The retail and office property located at 1673-1683 East 16th Street in Homecrest, Brooklyn has been sold for a price of $2,861,537. The property spans across 7,816 square feet, making the price per square foot $366.
Summary of transaction details:
- Property Type: Retail and Office
- Transaction Amount: $2,861,537
- Address: 1673-1683 East 16th Street, New York
- Market: Homecrest, Brooklyn
The seller of the property was Norman Bracha, while the buyer was Nathan Perlowitz’ CitiView Management.
Traded’s record for 1673 East 16th Street #1683, Brooklyn, NY 11229, USA in Brooklyn, New York covers a office sale from 2017. The building is 7,816 square feet, implying about 0 per square foot on the published price. This page is the Brooklyn, New York file for the 1673 East 16th Street #1683, Brooklyn, NY 11229, USA office sold: pricing, party profiles, and other closed office comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn office set by closing date to see what else sold near 1673 East 16th Street #1683, Brooklyn, NY 11229, USA around 2017. Cite this CitiView Management Acquires Retail & Office Property In Homecrest, Brooklyn sale when underwriting similar office product around Brooklyn, New York.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93