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
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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