Louis H Straker Jr Acquires Office Building In East Flatbush, Brooklyn For $4.5M
4512 Farragut Road, Brooklyn, New York 11203, United States
$4,500,000
$413/SF
Building Size
10,890 SF
Asset Type
Office
Closing
Dec 26, 2021
About this deal
AI
The office property located at 4512 Farragut Road in East Flatbush, Brooklyn has been sold for $4,500,000. The property has a building square footage (BSF) of 11,000, resulting in a price per BSF of $409. The total area of the property is 10,890 square feet, with a price per square foot (PPSF) of $413. The property has a floor area ratio (FAR) of 0.99 and falls under tax class 4. The lot size is 11,000 square feet, and its dimensions are 100.08 ft x 110 ft.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 4512 Farragut Road, East Flatbush, Brooklyn
- Building Square Footage (BSF): 11,000
- Price per BSF: $409
- Total Square Footage: 10,890
- Price per Square Foot (PPSF): $413
- Floor Area Ratio (FAR): 0.99
- Tax Class: 4
- Lot Size: 11,000 square feet
- Lot Dimensions: 100.08 ft x 110 ft
The buyer of the property is Louis H Straker Jr, while the seller is Herschel Langner.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93