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Broadway Stages Acquires Exxon Mobil Property In Greenpoint For $30M

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SOLD
$30,000,000

New York

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218,000 SF
Sold 12/15/2020
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Property Image
SOLD

Broadway Stages Acquires Exxon Mobil Property In Greenpoint For $30M

332 Monitor Street, Greenpoint, Brooklyn, NY, USA

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218,000 SF
Sold 12/15/2020
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Summary

NEW YORK
Price Per Square Foot:$137
Total Square Footage:218,000 SF
Transaction Type:Sale

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

8 deals$87.4M volume
BUYER

Details

SOLD
IMAGE: Gina Argento DATE: 12/15/2020 ADDRESS: 332 Monitor Street MARKET: Greenpoint ZONING: M3-1 BUYER: Broadway Stages - Gina Argento SELLER: Exxon Mobil PRICE: $30,000,000 BSF: 218,000 ~ PPBSF: $137

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$1,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
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