Westhab Acquires Specialty Building In Fort Greene, Brooklyn For $72.9M
SOLD
New York
See Similar DealsSold 03/11/2022
SOLD
Westhab Acquires Specialty Building In Fort Greene, Brooklyn For $72.9M
108 Saint Edwards Street, Brooklyn, New York 11205, United States
See Similar DealsSold 03/11/2022
Summary
NEW YORK
Transaction Type:Sale
The Specialty Building located at 108 St Edwards Street in the Fort Greene neighborhood of Brooklyn has been sold for a total price of $72,870,000. The property was sold on 11/03/2022, as confirmed by Richard Nightingale's Instagram post.
Summary of transaction details:
- Property Type: Specialty Building
- Transaction Amount: $72,870,000
- Address: 108 St Edwards Street, Fort Greene, Brooklyn
- Market: Fort Greene, Brooklyn
The buyer of the property is Westhab, represented in the deal by Richard Nightingale. On the other hand, the seller is the Roman Catholic Church, with Henry J. Torres and Anna Chen acting as their representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,886,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$258,891.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$345,440.98
Annual Debt Service$4,145,291.72
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