Shia Rosenbaum Acquires Office Building In Brooklyn For $12.5M
2275 Coleman St, Brooklyn, NY 11234, USA
$12,500,000
$284/SF
Building Size
44,000 SF
Asset Type
Office
Closing
Nov 28, 2020
About this deal
AI
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
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93