Ben Simmons Acquires $13M Condo In Brooklyn
Brooklyn, New York, United States
$13,000,000
$2,600,000/SF
Building Size
5 SF
Asset Type
Condo
Closing
Sep 23, 2022
AI
Ben Simmons, the three-time NBA All-Star, is in contract to purchase a sprawling residence in affluent Dumbo, Brooklyn. The asking price for this condo is around $13 million. The property offers 5,000 square feet of space, resulting in a price per square foot of $2,600.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $13,000,000
- Market: Brooklyn
Ben Simmons, representing himself and the Brooklyn Nets, will become the new owner of this luxurious condo. The purchase of this high-end property showcases Simmons' investment in the Brooklyn real estate market.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93