Sasson Real Estate Group Acquires Office Building In Borough Park For $3.9M
902 49th Street, Borough Park, Brooklyn, NY, USA
$3,900,000
$902/SF
Building Size
4,320 SF
Asset Type
Office
Closing
Sep 8, 2021
About this deal
AI
The property at 902 49th Street in Borough Park has been sold in a transaction. The office building, with a zoning designation of R6, was involved in the closed sale. The buyer of the property is Sasson Real Estate Group, while the seller is Norman Saffra.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,900,000
- Address: 902 49th Street
- Market: Borough Park
- Lot Size: 2,104
- Building Square Footage: 4,313
- Price per Square Foot: $904
- Building Square Footage (BSF): 5,113
- Price per Building Square Foot (PPBSF): $762
- FAR: 2.05
- Tax Class: 4
- Permits: Alteration 2 (02/11/2002)
- Lot Dimensions: 21 ft x 100.17 ft
Sasson Real Estate Group acted as the buyer in this transaction, representing their own interests. Norman Saffra, the seller, was represented by his own representative in the deal.
On the Map
$3,900,000
$902/SF
Office
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Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93