FCA Acquires 96 Steuben St Brooklyn From FCA For $35.25 Million
96 Steuben St, Brooklyn, NY, 11205
$35,250,000
$584/SF
Building Size
60,282 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
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
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93