Rybak Development Acquires Property On Sea Breeze Avenue Brooklyn For $13.5M With Eric Yankelovich As Buyer's Rep
SOLD
$13,500,000
New York
See Similar DealsOffice32,000 SF
SOLD
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...
See Similar DealsOffice32,000 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$421
Total Square Footage:32,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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