Rybak Development Acquires Property On Sea Breeze Avenue Brooklyn For $13.5M With Eric Yankelovich As Buyer's Rep
Sea Breeze Avenue, Brooklyn, NY, 112...
$13,500,000
$421/SF
Building Size
32,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property sold is located at Sea Breeze Avenue, Brooklyn, NY, with a transaction price of $13,500,000.00. The total square footage of the property is 32,000 square feet, situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $13,500,000.00
- Address: Sea Breeze Avenue, Brooklyn, NY, 112...
- Square Footage: 32,000
- Buyer: Rybak Development
- Seller: Chaim Miller
- Buyer's Representative: Eric Yankelovich - GFI Realty
Rybak Development is the buyer in this transaction, while Chaim Miller is the seller. The deal was facilitated by Eric Yankelovich, who represented the buyer through GFI Realty.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93