Frey Management Acquires Ocean Parkway Apartment Building In Brooklyn For $33.7M
SOLD
New York
See Similar DealsOther100,000 SF
Sold 11/29/2020
SOLD
Frey Management Acquires Ocean Parkway Apartment Building In Brooklyn For $33.7M
31 Ocean Pkwy, Brooklyn, NY 11218, USA
See Similar DealsOther100,000 SF
Sold 11/29/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$0
Total Square Footage:100,000 SF
Transaction Type:Sale
An apartment building located at 31 Ocean Parkway in Brooklyn, New York has been sold in a closed transaction. The property spans approximately 100,000 square feet and was sold for a total price of $33,700,000. The price per square foot for this transaction is $337. The building consists of 83 units, resulting in a price per unit of $400,000.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $33,700,000
- Square Footage: 100,000 sf
- Price per Square Foot: $337
- Number of Units: 83
- Price per Unit: $400,000
The seller of the property is Sentinel Real Estate Corporation, represented by John H. Streicker, Millie C. Cassidy, and Michael F. Streicker. The buyer of the property is Frey Management.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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