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
About this deal
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.
On the Map
$30,000,000
$137/SF
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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