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315 Seigel St, Brooklyn, NY...

Sugar Hill Capital Partners Acquires Property At 315 Seigel St Brooklyn For $39.5M By Buyer Rep Melissa Warren
SOLD

Sugar Hill Capital Partners Acquires Property At 315 Seigel St Brooklyn For $39.5M By Buyer Rep Melissa Warren

315 Seigel St, Brooklyn, NY, 11206

$39,500,000

$790/SF

Building Size

50,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 315 Seigel St, Brooklyn, NY, 11206. It was sold for $39,500,000.00, covering a total area of 50,000 square feet and situated in the Brooklyn market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $39,500,000.00
  • Address: 315 Seigel St, Brooklyn, NY, 11206
  • Market: Brooklyn
  • Buyer: Sugar Hill Capital Partners
  • Seller: Acuity Capital Partners
  • Buyer's Representative: Melissa Warren (TerraCRG)

The deal featured Sugar Hill Capital Partners as the buyer and Acuity Capital Partners as the seller. Representing the buyer in this transaction was Melissa Warren from TerraCRG, facilitating the process in the Brooklyn market.

Players

Melissa Warren

Terra CRG

Broker

$66.2M

vol

2 deals

Broker
Sugar Hill Capital Partners
Sugar Hill Capital PartnersBuyer

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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93