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209 Havemeyer St, Brooklyn,...

Tavros Capital & Charney Development Acquire Retail/Office Bank Building In Brooklyn For $12.3M
SOLDOffice

Tavros Capital & Charney Development Acquire Retail/Office Bank Building In Brooklyn For $12.3M

209 Havemeyer St, Brooklyn, NY 11211, USA

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 19, 2017

AI

Located at 209 Havemeyer Street in Brooklyn's vibrant market, this retail/office bank building was recently sold in a closed property transaction. The property spans approximately 10,000 square feet with a price of $12,300,000, translating to a price per square foot of $1,230. The sellers, Dime Community Bank, engaged in the transaction with the buyers, Tavros Capital & Charney Development.

Summary of transaction details:

  • Property Type: Retail/Office Bank Building
  • Transaction Amount: $12,300,000
  • Square Footage: 10,000 sf
  • Price per Square Foot: $1,230
  • Address: 209 Havemeyer Street, Brooklyn
  • Market: Brooklyn

Representing the seller, Dime Community Bank, was Charlie Terrasi, while Nicholas Silvers and Sam Charney acted as the buyer's representatives. These individuals played a crucial role in facilitating this successful closed property transaction.

Players

Charlie Terrasi

Broker

$78.3M

vol

4 deals

Broker
Tavros Capital
Tavros CapitalBuyer
Dime Community Bank
Dime Community BankSeller
Dime Community Bank
Dime Community BankLender

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