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
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.
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