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Dominic Stott Acquires Condo At 60 Front Street Brooklyn From Joel Kestenbaum For $16.25M
SOLD
New York
See Similar DealsCondo4,928 SF
Sold 02/24/2026
SOLD
Dominic Stott Acquires Condo At 60 Front Street Brooklyn From Joel Kestenbaum For $16.25M
60 Front Street
See Similar DealsCondo4,928 SF
Sold 02/24/2026
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,297
Total Square Footage:4,928 SF
Transaction Type:Sale
Dominic Stott acquired a condo located at 60 Front Street in Brooklyn. The property encompasses 4,928 square feet and was transacted for $16.25 million, reflecting a price per square foot of $3,297.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $16,250,000
- Address: 60 Front Street
- Market: Brooklyn
- Square Footage: 4,928
- Price Per Square Foot: $3,297
- Buyer: Dominic Stott
- Seller: Joel Kestenbaum - Fortis Property Group
Joel Kestenbaum, representing Fortis Property Group, facilitated the sale of the property to buyer Dominic Stott, marking a significant transaction within the Brooklyn market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,732.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,033.29
Annual Debt Service$924,399.48
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