Shia Rosenbaum Acquires Office Building In Brooklyn For $12.5M
SOLD
$12,500,000
New York
See Similar DealsOffice44,000 SF
Sold 11/29/2020
SOLD
Shia Rosenbaum Acquires Office Building In Brooklyn For $12.5M
2275 Coleman St, Brooklyn, NY 11234, USA
See Similar DealsOffice44,000 SF
Sold 11/29/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$284
Total Square Footage:44,000 SF
Transaction Type:Sale
Located at 2275 Coleman Street in Brooklyn, New York, this office property has recently been sold in a closed transaction. With a total area of 44,000 square feet, the property was sold for a price of $12,500,000, resulting in a price per square foot of $284.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,500,000
- Address: 2275 Coleman Street, New York
- Market: Brooklyn
The sellers of the property were Arker Companies and Schottenstein Realty Trust, while the buyer was Shia Rosenbaum.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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