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
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