Heitman Capital Management Acquires Office Building In Williamsburg For $45.97M
109 South 5th Street, Brooklyn, New York 11249, United States
$45,970,879
$729/SF
Building Size
63,033 SF
Asset Type
Office
Closing
Jul 4, 2022
About this deal
AI
The office building located at 109 South 5th Street in Williamsburg has been sold in a transaction between Heitman Capital Management and Meadow Partners. The sale price for this property was $45,970,879, and it offers a total square footage of 63,033. This equates to a price per square foot of $729.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,970,879
- Address: 109 South 5th Street
- Market: Williamsburg
- Square Footage: 63,033
- Price Per Square Foot: $729
Maury R. Tognarelli & Jeffrey Kaplan represented the property in the sale as the seller's representatives. No additional information is available about the individuals or companies involved in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93