Broadway Stages Acquires Exxon Mobil Property In Greenpoint For $30M
332 Monitor Street, Greenpoint, Brooklyn, NY, USA
$30,000,000
$137/SF
Building Size
218,000 SF
Asset Type
—
Closing
Dec 14, 2020
AI
A property located at 332 Monitor Street in Greenpoint has been sold in a transaction that closed on 12/15/2020. The property is situated in a market with the zoning designation M3-1. The buyer in this transaction is Broadway Stages, represented by Gina Argento. The seller is Exxon Mobil. The property was sold for a price of $30,000,000 and has a building square footage of 218,000. The price per building square footage is $137.
Summary of transaction details
- Property Type: Sale
- Transaction Amount: $30,000,000
- Address: 332 Monitor Street
- Market: Greenpoint
- Zoning: M3-1
- Buyer: Broadway Stages - Gina Argento
- Seller: Exxon Mobil
- Building Square Footage: 218,000
- Price per Building Square Footage: $137
Gina Argento of Broadway Stages played a key role in this transaction as the buyer's representative. The sale of this property demonstrates the ongoing investment activity in Greenpoint's real estate market.
Players
New York 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93