Westhab Acquires Specialty Building In Fort Greene, Brooklyn For $72.9M
108 Saint Edwards Street, Brooklyn, New York 11205, United States
$72,870,000
Building Size
—
Asset Type
—
Closing
Mar 11, 2022
About this deal
AI
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.
On the Map
$72,870,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93