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332 Monitor Street, Greenpo...

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

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

Gina Argento

Broadway Stages

Buyer

$87.4M

vol

8 deals

Buyer

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