Albert Maloot Acquires Office In Brooklyn For $1.73M With Tri State Commercial Realty
SOLD
$1,730,000
New York
See Similar DealsOffice12,100 SF
Sold 06/19/2024
SOLD
Albert Maloot Acquires Office In Brooklyn For $1.73M With Tri State Commercial Realty
2128 Ocean Avenue
See Similar DealsOffice12,100 SF
Sold 06/19/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$143
Total Square Footage:12,100 SF
Transaction Type:Sale
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:
- Property Type: Office
- Transaction Amount: $1,730,000
- Address: 2128 Ocean Avenue
- Market: Brooklyn
- Buyer: Albert Maloot
- Seller: Martine Pandeler
- Brokers: Frederick Betesh & Jack Sardar - Tri State Commercial Realty
- SF: 12,100
- PPSF: $143
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$92,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,146.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,201.08
Annual Debt Service$98,412.99
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