Greg Roman Acquires Office Building In Brooklyn For $5.5M
2651 E 14th St, Brooklyn, NY 11235, USA
Building Size
82,000 SF
Asset Type
Office
Closing
Mar 4, 2018
AI
In a recent closed property transaction in Brooklyn, New York, a 8,200 square foot office building located at 2651 East 14th Street was sold for a price of $5,500,000. This translates to a price per square foot of $670.
Summary of transaction details:
- Property Type: Office Buildings
- Transaction Amount: $5,500,000
- Square Footage: 8,200 sf
- Price per Square Foot: $670
- Address: 2651 East 14th Street, Brooklyn, New York
The seller of the office building was Elliot Meisenberg, while the buyer was Greg Roman. It is worth noting that in 2016, Elliot Meisenberg had acquired a 40,000-square-foot office building from Rubin Schron's Cammeby's International for $12 million.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93