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
About this deal
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.
On the Map
$98,460,000
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93