Atlas Realty Group Partners Acquires Office Building In Coney Island For $14.4M
3044 Coney Island Avenue, Brooklyn, New York 11235, United States
$14,375,000
$358/SF
Building Size
40,102 SF
Asset Type
Office
Closing
Dec 20, 2021
About this deal
AI
An office building located at 3044 Coney Island Ave in the Coney Island market has been sold for $14,375,000. The property spans across 36,500 square feet, resulting in a price per square foot of $393.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,375,000
- Address: 3044 Coney Island Ave.
- Market: Coney Island
- Square Footage: 36,500
- Price per Square Foot: $393
The sale of this office building was facilitated by Shlomo Antebi, Yosef Katz, and Erik Yankelovich, who represented both the buyer and the seller through Atlas Realty Group Partners LLC.
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
1.10%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93