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
About this deal
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.
On the Map
$39,500,000
$790/SF
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Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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