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:
- 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].
Players
Brooklyn 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
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93