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
About this deal
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.
On the Map
$20,000,000
$723/SF
Condo
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Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $723 per square foot on a published $20M for 27,628 square feet (2024).
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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