Guardian Realty Acquires NY Department Of Education Office Building In New York City Boroughs For $10.975M From Seller Fair Dinkum Holding Corp And Broker Shimon Shkuri Of Ariel Property Advisors
2045 Linden Blvd, Brooklyn, NY 11207, USA
Building Size
19,000 SF
Asset Type
Office
Closing
Aug 16, 2017
About this deal
AI
The NY Department of Education office building located at 2045 Linden Blvd in New York City has been sold for a price of $10,975,000 in a closed transaction. The property is a part of the NYC Boroughs market and falls under the asset type of office.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,975,000
- Address: 2045 Linden Blvd, New York
- Market: NYC Boroughs
The seller of the NY Department of Education building was Fair Dinkum Holding Corp, while the buyer was Guardian Realty. The transaction was facilitated by Shimon Shkuri of Ariel Property Advisors acting as the broker representing both parties involved in the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93