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325 Johnson Ave, Brooklyn, ...

Sciame Development Acquires Office In Brooklyn From Richard Bart Realty For $26.7M
SOLDOffice

Sciame Development Acquires Office In Brooklyn From Richard Bart Realty For $26.7M

325 Johnson Ave, Brooklyn, NY, 11206

$26,700,000

$166/SF

Building Size

160,000 SF

Asset Type

Office

Closing

May 11, 2015

AI

This office asset is located at 325 Johnson Ave, Brooklyn, NY, 11206, and encompasses a total square footage of 160,000. The transaction was recorded at a price of $26,700,000.00 in the Brooklyn market.

Summary of transaction details:

In this transaction, Sciame Development acted as the buyer, while Richard Bart Realty represented the seller. The brokerage firms involved included Terra CRG, which represented the buyer, and The Corcoran Group, representing the seller in this deal.

Players

Michael Hernandez

Terra CRG

Broker

$76.2M

vol

4 deals

Broker
R
RealtySeller

Brooklyn 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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93