Michel Batista Of DiGiulio Represents Buyer In $750K Commercial Condo Sale At 1 Hanson Place Brooklyn
1 Hanson Place
$750,000
$344/SF
Building Size
2,176 SF
Asset Type
Office
Closing
Dec 18, 2025
About this deal
AI
The transaction involved a commercial condo located at 1 Hanson Place in Brooklyn. The asset was sold at a price of $750,000, comprising a total of 1 unit with a square footage of 2,176, resulting in a price per unit of $750,000 and a price per square foot of $344.
Summary of transaction details:
- Property Type: Commercial Condo
- Transaction Amount: $750,000
- Units: 1
- Square Footage: 2,176
- Price Per Unit: $750,000
- Price Per Square Foot: $344
- Buyer's Representative: Michel Batista - DiGiulio
- Broker: Justin DiGiulio - DiGiulio
The deal was represented by Michel Batista from DiGiulio as the buyer's representative, with Justin DiGiulio also from DiGiulio acting as the broker for the transaction.
On the Map
$750,000
$344/SF
Office
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Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93