Updated Oct 29, 2024
Carlyle Group Acquires Brooklyn Dev Site For $23M From JEMB Realty
72 Caton Pl, Brooklyn, NY 11218, USA
Building Size
1,140,000 SF
Asset Type
Development Site
Closing
May 30, 2018
About this deal
AI
A development site located at 72 Caton Place in Brooklyn has been sold for a price of $23,000,000. The property, covering an area of 114,000 square feet, was acquired by The Carlyle Group, with Rob Stuckey representing the buyer. The transaction was finalized on May 31, 2018.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $23,000,000
- Address: 72 Caton Place
- City: New York
- Market: Brooklyn
- Buyer: The Carlyle Group – Rob Stuckey
Represented by Rob Stuckey, The Carlyle Group finalized the acquisition of the development site at 72 Caton Place. The property, with a total area of 114,000 square feet, was purchased from JEMB Realty, Morris and Louis Jerome. The deal was closed on May 31, 2018.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93