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
About this deal
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