Rabsky Group Acquires Office Building In Brooklyn For $68M
633 Fulton St, Brooklyn, NY 11217, USA
Building Size
36,000 SF
Asset Type
Office
Closing
May 1, 2017
About this deal
AI
The office property located at 633 Fulton Street in Brooklyn, NYC Boroughs was sold in May 2017. The transaction involved a total price of $68,000,000. The property spans across 36,000 square feet, resulting in a price per square foot of $1,888.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $68,000,000
- Address: 633 Fulton Street, Brooklyn
- Market: NYC Boroughs
- Square Footage: 36,000
- Price per Square Foot: $1,888
The seller of the property was JJ Operating Group’s Sam Jemal, while the buyer was the Rabsky Group.
On the Map
Office
View full map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93