Breaking Ground Acquires Mixed Use Property At 90 Sands Street In Downtown Brooklyn

This mixed-use property transaction took place at 90 Sands Street in Downtown Brooklyn, New York. The property, spanning 400,000 square feet, was sold for a price of $170,000,000. The buyer, Breaking Ground, acquired the asset from the seller, RFR Realty. The loan amount for the transaction was $157,000,000. The property's prime location in Downtown Brooklyn contributed to its market value of $425 per square foot.

Summary of transaction details

• Property Type: Mixed Use
• Transaction Amount: $170,000,000
• Address: 90 Sands Street, Downtown Brooklyn, New York
• Buyer: Breaking Ground
• Seller: RFR Realty
• Lender: New York City Department of Housing Preservation and Development
• Loan Amount: $157,000,000
• SF: 400,000
• PPSF: $425

In this transaction, Breaking Ground served as the buyer, acquiring the property located at 90 Sands Street in Downtown Brooklyn, New York. The seller, RFR Realty, facilitated the sale of this mixed-use asset. The New York City Department of Housing Preservation and Development provided a loan amount of $157,000,000 to facilitate the transaction. The property's prime location in Downtown Brooklyn, combined with its generous square footage and market value, made it an attractive investment opportunity.