Gazit-Globe Acquires Retail Condo In Brooklyn For $47.3M
SOLD
New York
See Similar DealsRetail60,000 SF
Sold 07/16/2018
SOLD
Gazit-Globe Acquires Retail Condo In Brooklyn For $47.3M
34 N 7th St, Brooklyn, NY 11249, USA
See Similar DealsRetail60,000 SF
Sold 07/16/2018
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:60,000 SF
Transaction Type:Sale
The Edge (North) is a retail condo located at 34 North 7th Street in the city of New York, specifically in the Brooklyn market. This property, spanning 60,000 square feet, was recently sold for a price of $47,300,000, resulting in a price per square foot of $788.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $47,300,000
- SF: 60,000
- PPSF: $788
- Address: 34 North 7th Street, New York
- Market: Brooklyn
Gazit-Globe, led by their CEO Jeff Mooallem, acted as the buyer in this transaction. Madison Marquette was the seller in this deal.
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Details
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Deal Type
30 years
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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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