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260 Gold Street, Brooklyn, ...

Dalan Management Acquires Multifamily Property At 260 Gold St. In Downtown Brooklyn For $225M
SOLDMultiFamily

Dalan Management Acquires Multifamily Property At 260 Gold St. In Downtown Brooklyn For $225M

260 Gold Street, Brooklyn, New York 11201, United States

$225,000,000

$862/SF

Building Size

261,035 SF

Asset Type

MultiFamily

Closing

Jun 8, 2022

AI

The multifamily property located at 260 Gold St. in Downtown, Brooklyn has been sold in a transaction. The sale took place on 06/09/2022, and the asset consists of 286 units with a total square footage of 261,035. The sale price for this property was $225,000,000, resulting in a price per unit of $786,713 and a price per square foot of $861.

Summary of transaction details

Cignature Realty Associates, represented by brokers Lazer Sternhell, Peter Vanderpool, and Sarah Mae Selnick, facilitated the transaction. Cignature Realty is a leading firm in New York Metro multifamily and apartment building sales and has received the CoStar Top Firms honor four times. For more information about their sold deals, recent news, market reports, and current listings, visit CignatureRealty.com.

Players

Peter Vanderpool

Cignature Realty Associates

Broker

$507M

vol

13 deals

Broker
Dalan Management
Dalan ManagementBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93