facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

2128 Ocean Avenue

Albert Maloot Acquires Office In Brooklyn For $1.73M With Tri State Commercial Realty
SOLDOffice

Albert Maloot Acquires Office In Brooklyn For $1.73M With Tri State Commercial Realty

2128 Ocean Avenue

$1,730,000

$143/SF

Building Size

12,100 SF

Asset Type

Office

Closing

Jun 19, 2024

AI

The office property located at 2128 Ocean Avenue in Brooklyn was recently sold for $1,730,000. Spanning 12,100 square feet, the property was sold at a price per square foot of $143. The transaction took place on June 19, 2024, with Albert Maloot acquiring the property from Martine Pandeler.

Summary of transaction details:

Frederick Betesh of Tri State Commercial Realty represented the buyer, Albert Maloot, in this transaction. For further assistance in real estate dealings, Frederick Betesh can be reached at [email protected].

Players

Frederick Betesh

Tri State Commercial Realty

Broker

$28.2M

vol

18 deals

Broker

Brooklyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.17%

Cash-on-Cash

-2.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93