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177 N 10th St Brooklyn, NY ...

Updated Nov 19, 2023

Ulgur Aydin Acquires Office Building In Williamsburg, Brooklyn For $13.5M
SOLDOffice

Ulgur Aydin Acquires Office Building In Williamsburg, Brooklyn For $13.5M

177 N 10th St Brooklyn, NY 11211, USA

$13,500,000

$675/SF

Building Size

20,000 SF

Asset Type

Office

Closing

May 18, 2023

About this deal

AI

Ulgur Aydin has purchased an office building located at 177 North 10th Street in Williamsburg, Brooklyn. The property was sold by Beatrice Korn of Fri Realty Corp for a total of $13.5 million. The office building spans a total of 20,000 square feet and has a price per square foot of $675. The sale price per square foot stands at $450 with a building square footage of 29,997.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $13,500,000
  • Address: 177 North 10th Street
  • Market: Williamsburg, Brooklyn
  • Buyer: Ulgur Aydin
  • Seller: Beatrice Korn
  • SF: 20,000
  • PPSF: $675
  • BSF: 29,997
  • PPBSF: $450

Ulgur Aydin successfully acquired the office building from Beatrice Korn through this transaction. The purchase price for the property was $13.5 million, representing a significant investment in the Williamsburg, Brooklyn market. Both parties involved in the deal, Ulgur Aydin and Beatrice Korn, played integral roles in the successful completion of the transaction.

Players

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $675 per square foot on a published $13.5M for 20,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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