FCA Acquires 96 Steuben St Brooklyn From FCA For $35.25 Million
SOLD
$35,250,000
New York
See Similar DealsOffice60,282 SF
SOLD
FCA Acquires 96 Steuben St Brooklyn From FCA For $35.25 Million
96 Steuben St, Brooklyn, NY, 11205
See Similar DealsOffice60,282 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$584
Total Square Footage:60,282 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 96 Steuben St, Brooklyn, NY, 11205. It was sold for a total price of $35,250,000.00 and encompasses a total square footage of 60,282. The market value is situated within the Brooklyn area.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $35,250,000.00
- Address: 96 Steuben St, Brooklyn, NY, 11205
- Square Footage: 60,282
- Market: Brooklyn
- Seller: FCA
- Buyer: FCA
- Seller's Representatives: Marc Yaverbaum-MYC & Associates, Greg Corbin-Northgate Real Estate Group
The transaction involved significant participation from representatives. The seller was represented by Marc Yaverbaum from MYC & Associates and Greg Corbin from Northgate Real Estate Group, providing professional assistance in the sale process.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,879,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$125,235.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$167,102.98
Annual Debt Service$2,005,235.80
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