Updated Dec 3, 2024
BentallGreenOak Acquires Industrial Property In Brooklyn For $46M
2300 Linden Boulevard, Brooklyn, NY, USA
$46,000,000
$511/SF
Building Size
90,000 SF
Asset Type
Industrial
Closing
Feb 2, 2021
About this deal
AI
A 90,000 square foot industrial property located at 2300 Linden Boulevard in Brooklyn has been sold for $46,000,000. The buyer, BentallGreenOak, acquired the property from Turnbridge Equities and Harbor Group International. The asset is currently occupied by Amazon. The property was sold at a price per square foot of $511.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $46,000,000
- Address: 2300 Linden Boulevard, Brooklyn
- Market: Brooklyn
- Buyer: BentallGreenOak
- Seller: Turnbridge Equities and Harbor Group International
- Tenant: Amazon
- Square Footage: 90,000
- Price per Square Foot: $511
Ryan Nelson, Sonny Kalsi, Jeff Bezos, and Andrew Joblon were involved in the transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93