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95 Evergreen Ave, Brooklyn,...

Ramrock Real Estate Acquires Office Property In Bushwick, New York For $81.29M
SOLDOffice

Ramrock Real Estate Acquires Office Property In Bushwick, New York For $81.29M

95 Evergreen Ave, Brooklyn, NY 11206, USA

$81,290,000

$51/SF

Building Size

1,581,500 SF

Asset Type

Office

Closing

Apr 9, 2018

AI

The office building located at 95 Evergreen Avenue in New York's Bushwick neighborhood has been sold in a closed transaction. The property, which consists of the land underneath and spans approximately 158,150 square feet, was sold at a price of $81,290,000. The sale price equates to a price per square foot of $514.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $81,290,000
  • Square Footage: 158,150
  • Price per Square Foot: $514

The seller of the property was Savanna, represented by Chris Schlank and Daren Hornig. The buyer of the property is Ramrock Real Estate.

The transaction was facilitated by brokers Adam Spies, Adam Doneger, and Joshua King.

Players

Adam Doneger

Newmark

Broker

$50.5B

vol

192 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$72.1B

vol

265 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
RE
Ramrock Real EstateBuyer

Daren Hornig

Seller

$89.2M

vol

2 deals

Seller

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93