Living New York Sells 9 Lofts At 160 Imlay St, Red Hook For $20M As Seller's Rep
SOLD
$20,000,000
New York
See Similar DealsCondo27,628 SF
Sold 05/07/2024
SOLD
Living New York Sells 9 Lofts At 160 Imlay St, Red Hook For $20M As Seller's Rep
160 Imlay Street
See Similar DealsCondo27,628 SF
Sold 05/07/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$723
Total Square Footage:27,628 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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