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160 Imlay Street

Living New York Sells 9 Lofts At 160 Imlay St, Red Hook For $20M As Seller's Rep
SOLDCondo

Living New York Sells 9 Lofts At 160 Imlay St, Red Hook For $20M As Seller's Rep

160 Imlay Street

$20,000,000

$723/SF

Building Size

27,628 SF

Asset Type

Condo

Closing

May 7, 2024

AI

The property at 160 Imlay Street in Red Hook, Brooklyn, is a Condo with a total area of 27,628 square feet. The transaction involved a sale price of $20,000,000, equating to a price per square foot of $724.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $20,000,000
  • Address: 160 Imlay Street
  • Market: Red Hook, Brooklyn
  • Sellers: Justin Ehrlich & Sorabh Maheshwari - Churchill Real Estate Holdings
  • Brokers: Devin Someck & Kelly Rogers - Living New York

Living New York successfully sold the last 9 remaining lofts at 160 Imlay in Red Hook. This property was previously the New York Dock Company warehouse, showcasing the expertise of the brokers, Devin Someck and Kelly Rogers, in closing this significant deal.

Players

Devin Someck

Living New York

Broker

$80.5M

vol

15 deals

Broker

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93