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360 Fulton Mall, Brooklyn, ...

Extell Development Acquires Development Site In Downtown Brooklyn From Feil Organisation For $85.9M
SOLDDevelopment Site

Extell Development Acquires Development Site In Downtown Brooklyn From Feil Organisation For $85.9M

360 Fulton Mall, Brooklyn, New York 11201, United States

$85,900,000

$190/SF

Building Size

450,000 SF

Asset Type

Development Site

Closing

Jun 6, 2022

AI

No summary available.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage
Gary Barnett

Gary Barnett

EXTELL

Buyer

$8.3B

vol

59 deals

Buyer
Jeffrey Feil

Jeffrey Feil

The Feil Organization

Seller

$512.5M

vol

24 deals

Seller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93