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117 Adams St, Brooklyn, NY,...

Kushner Companies Acquires Property From Invesco Real Estate For $98.46M In Brooklyn
SOLDOffice

Kushner Companies Acquires Property From Invesco Real Estate For $98.46M In Brooklyn

117 Adams St, Brooklyn, NY, 11201

$98,460,000

Building Size

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 117 Adams St, Brooklyn, NY, 11201. The transaction was completed for a total price of $98,460,000.00. The property has a total square footage of 0, indicating that further development or specifics about the property's characteristics might be pertinent to buyers.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $98,460,000.00
  • Address: 117 Adams St, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Seller: Invesco Real Estate
  • Buyer: Kushner Companies
  • Seller's Representative: David Fowler - Remax, Graham Stephens

This transaction highlights key players, with Invesco Real Estate as the seller and Kushner Companies acting as the buyer. The negotiations were facilitated by David Fowler from Remax, alongside Graham Stephens, representing the seller in this significant deal.

Players

Graham Stephens

Broker

$2.7B

vol

10 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesBuyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

Brooklyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93