Jason Barnett Acquires All Parking Garages In Red Hook, Brooklyn For $19.5M
726 Court Street, Brooklyn, New York 11231, United States
$19,525,542
$1,124/SF
Building Size
17,357 SF
Asset Type
Other
Closing
Dec 16, 2021
About this deal
AI
The property asset involved in this transaction is a collection of all parking garages (G1) in Red Hook, Brooklyn. The address of the property is 726 & 730 Court Street, 139 Bryant Street & Gowanus Canal. The total square footage of the property is 17,357 square feet. The transaction took place on December 17, 2021, with a sale price of $19,525,542.00, resulting in a price per square foot of $1,124.94. The previous sale of the property occurred on November 12, 2013, with a sale price of $15,500,000.00.
Summary of transaction details
- Property Type: All Parking Garages (G1) (Multi Use)
- Transaction Amount: $19,525,542.00
- Address: 726 & 730 Court Street, 139 Bryant Street & Gowanus Canal
- Total Square Footage: 17,357 SF
- Price per Square Foot: $1,124.94
- Last Sale Price: $15,500,000.00
- Last Sale Date: November 12, 2013
In this transaction, the buyer was Jason Barnett and the seller was Robert A Malecky. Jason Barnett represented himself in the deal, while Robert A Malecky was not represented by any broker.
Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93