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2651 E 14th St, Brooklyn, N...

Greg Roman Acquires Office Building In Brooklyn For $5.5M
SOLDOffice

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

Elliot Meisenberg

Seller

$8.9M

vol

4 deals

Seller

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