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

Property Image
SOLD
$98,460,000
David Fowler
Graham Stephens

New York

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Property Image
SOLD

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

117 Adams St, Brooklyn, NY, 11201

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Office
David Fowler
Graham Stephens
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Summary

NEW YORK
Asset Type:Office
Transaction Type:Sale

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
Graham Stephens
10 deals$2.7B volume
BROKER
David Fowler
Re/Max
David Fowler
7 deals$687.4M volume
BROKER
Kushner Companies
Kushner Companies
BROKERAGE
Kushner Companies
Kushner Companies
BUYER
Invesco Real Estate
Invesco Real Estate
SELLER
Invesco Real Estate
Invesco Real Estate
LENDER

Details

SOLD
IMAGE: 117 Adams St, Brooklyn, NY, 11201 MARKET: Brooklyn SELLER'S REP: David Fowler -Remax, Graham Stephens BUYER: Kushner Companies SELLER: Invesco Real Estate PRICE: $98,460,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,251,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$349,807.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$466,750.63
Annual Debt Service$5,601,007.58