SOLDRetail
Federal Realty Investment Trust Acquires Brooklyn Retail Property For $85M
2181 Ralph Ave, Brooklyn, NY 11234, USA
$85,000,000
$57/SF
Building Size
1,470,000 SF
Asset Type
Retail
Closing
Nov 19, 2019
About this deal
AI
The retail property located at 2181 Ralph Ave in Brooklyn has been sold in a closed transaction. The property spans across 147,000 square feet and was sold for a price of $85,000,000 at a rate of $578 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $85,000,000
- Square Footage: 147,000
- Price per Square Foot: $578
- Address: 2181 Ralph Ave, Brooklyn
- Market: Brooklyn
The buyer of the property is Federal Realty Investment Trust, while the seller is Sholom & Zuckerbrot Realt.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93