Updated Apr 3, 2025
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
About this deal
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.
On the Map
$138,100,000
$670/SF
Commercial
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Players
Brooklyn Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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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