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
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