facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Sale

/

108 Saint Edwards Street, B...

Westhab Acquires Specialty Building In Fort Greene, Brooklyn For $72.9M
SOLD

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

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.

Players

Richard Nightingale

Westhab

Buyer

$86.1M

vol

2 deals

Buyer

Henry Torres

Roman Catholic Church

Seller

$226.6M

vol

7 deals

Seller

Brooklyn CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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