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55 Prospect St, Brooklyn, N...

RFR Holding Acquires Property From Invesco Real Estate For $138.1 Million In Brooklyn
SOLDCommercial

RFR Holding Acquires Property From Invesco Real Estate For $138.1 Million In Brooklyn

55 Prospect St, Brooklyn, NY, 11201

$138,100,000

$670/SF

Building Size

206,000 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property located at 55 Prospect St, Brooklyn, NY, 11201, is a commercial asset that spans a total of 206,000 square feet. It has been transacted for a total price of $138,100,000.00, situated within the Brooklyn market, highlighting its significant market value.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $138,100,000.00
  • Address: 55 Prospect St, Brooklyn, NY, 11201
  • Square Footage: 206,000
  • Seller: Invesco Real Estate
  • Buyer: RFR Holding
  • Seller's Representative: David Fowler - Remax, Graham Stephens

The transaction involves key representatives, including David Fowler from Remax and Graham Stephens, who acted on behalf of the seller, Invesco Real Estate. The deal underscores the collaboration of RFR Holding as the buyer, indicating a strategic acquisition in the Brooklyn market.

Players

Graham Stephens

Broker

$2.7B

vol

10 deals

Broker
RFR
RFRBuyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93