American Buddhist Association Acquires Office Building In Sunset Park, Brooklyn For $5.3M
5216 4th Ave, Brooklyn, NY 11220, USA
Building Size
140,000 SF
Asset Type
Office
Closing
May 28, 2018
About this deal
AI
The office property located at 5216 4th Avenue in Sunset Park, Brooklyn, has been sold for a price of $5,300,000. The property spans 14,000 square feet and has a price per square foot of $378. It consists of 3 units and was purchased by the American Buddhist Association.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,300,000
- Size: 14,000 sf
- Price per Square Foot: $378
- Units: 3
- Seller: Yossi Streicher
- Buyer: American Buddhist Association
- Broker: Midbrook Realty (Chaim Kay represented both buyer and seller)
Midbrook Realty, represented by Chaim Kay, facilitated the transaction between the buyer, American Buddhist Association, and the seller, Yossi Streicher.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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