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

Property Image
SOLD
$138,100,000
David Fowler
Graham Stephens

New York

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Commercial206,000 SF
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Property Image
SOLD

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

55 Prospect St, Brooklyn, NY, 11201

See Similar Deals
Commercial206,000 SF
David Fowler
Graham Stephens
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$670
Total Square Footage:206000 SF
Transaction Type:Sale

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
Graham Stephens
10 deals$2.7B volume
BROKER
David Fowler
Re/Max
David Fowler
7 deals$687.4M volume
BROKER
RFR
RFR
BUYER
Invesco Real Estate
Invesco Real Estate
SELLER
Invesco Real Estate
Invesco Real Estate
LENDER

Details

SOLD
IMAGE: 55 Prospect St, Brooklyn, NY, 11201 MARKET: Brooklyn SELLER'S REP: David Fowler -Remax, Graham Stephens BUYER: RFR Holding SELLER: Invesco Real Estate PRICE: $138,100,000.00 SF: 206000

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

$7,365,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$490,640.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$654,664.46
Annual Debt Service$7,855,973.46