Updated May 21, 2025
Hudson Companies Acquires Property At 975 Nostrand Ave In Brooklyn For $41.5M With Seller's Rep Dan O’Brien
975 Nostrand Ave, Brooklyn, NY, 11225
$41,500,000
Building Size
—
Asset Type
Development Site
Closing
Aug 31, 2021
About this deal
AI
The property involved in this transaction is located at 975 Nostrand Ave, Brooklyn, NY, 11225. The transaction was valued at $41,500,000.00. The property does not have a specified square footage listed in the context and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $41,500,000.00
- Address: 975 Nostrand Ave, Brooklyn, NY, 11225
- Market: Brooklyn
- Seller's Representative: Dan O’Brien-Cushman & Wakefield
- Buyer: Hudson Companies
The transaction involved the seller's representative Dan O'Brien from Cushman & Wakefield working on behalf of the seller. The buyer of the property is Hudson Companies, indicating the parties engaged in this closed property transaction.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93