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Sea Breeze Avenue, Brooklyn...

Rybak Development Acquires Property On Sea Breeze Avenue Brooklyn For $13.5M With Eric Yankelovich As Buyer's Rep
SOLDOffice

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 deals

Broker
Rybak Development
Rybak DevelopmentBuyer

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