Michael Gilbert of Gilco Realty Brokers $4.7M Office Sale in Brooklyn
SOLD
$4,700,000
New York
See Similar DealsOffice8,800 SF
Sold 05/09/2025
SOLD
Michael Gilbert of Gilco Realty Brokers $4.7M Office Sale in Brooklyn
9504 Glenwood Road
See Similar DealsOffice8,800 SF
Sold 05/09/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$534
Total Square Footage:8,800 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 9504 Glenwood Road, situated in the Brooklyn market. The sale was finalized for a total price of $4,700,000, encompassing an area of 8,800 square feet, which translates to a price per square foot of $534.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,700,000
- Square Footage: 8,800
- Price per Square Foot: $534
- Buyer: Yeshiva Yesoda Hatorah Vetz Chaim
- Buyer’s Representative: Avrohom Schwartz - Eretz Realty
- Seller’s Representative: Michael Gilbert - Gilco Realty
The deal was facilitated by Avrohom Schwartz, representing the buyer, and Michael Gilbert, representing the seller. Both representatives played a crucial role in the successful negotiation and completion of this property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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