Investors George And Peter Eliou Acquire Brooklyn Heights Rental Building For $35.5M
115 Henry St, Brooklyn, NY 11201, USA
Building Size
320,000 SF
Asset Type
Other
Closing
Mar 13, 2018
AI
A rental building located at 115 Henry Street in the Brooklyn Heights neighborhood of New York City has been sold for a total price of $35,500,000. The property spans a total area of 32,000 square feet and has 38 units. The price per square foot for the transaction amounts to $1,109, and the price per unit is $934,000.
Summary of transaction details
- Property Type: Rental building
- Transaction Amount: $35,500,000
- Square Footage: 32,000 sf
- Price per Square Foot: $1,109
- Number of Units: 38
- Price per Unit: $934,000
The seller of this property is Bennat Charatan Berger and Andrew Miller's Novel Property Ventures, which can be found at NovelPV.com. The buyer, on the other hand, is a group of investors named George and Peter Eliou.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93