Updated Dec 4, 2024
Delshah Capital Acquires Mixed-Use Property In Downtown Brooklyn For $134M
22 Chapel Street
$134,000,000
$788,235/SF
Building Size
170 SF
Asset Type
Mixed-use
Closing
Aug 31, 2022
About this deal
AI
A mixed-use property located at 22 Chapel St. in Downtown Brooklyn has been sold for a total price of $134,000,000. The transaction took place on 08/31/2022. The property spans a total area of 170,743 square feet, resulting in a price per square foot of $784. The deal was facilitated by Delshah Capital as the buyer. The property is situated in the Downtown Brooklyn market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $134,000,000
- Square Footage: 170,743
- Price per Square Foot: $784
- Address: 22 Chapel St.
- Market: Downtown Brooklyn
The sale of the property was handled by JLL, with Hall Oster, Stephen Palmese, Rob Hinckley, Jeff Julien, Bob Knakal, Ethan Stanton, and Braedon Gait representing the seller. They acted as the seller's representatives in the deal.
Players
Brookline Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93