@60Guilders Acquires 12 MetroTech Center In Downtown Brooklyn From Brookfield Property Partners For $128M
SOLD
$128,000,000
+ 3
New York
See Similar DealsOffice977,656 SF
Sold 08/16/2021
SOLD
@60Guilders Acquires 12 MetroTech Center In Downtown Brooklyn From Brookfield Property Partners For $128M
12 Metrotech Center, Brooklyn, NY, USA
See Similar DealsOffice977,656 SF
Sold 08/16/2021
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$130
Total Square Footage:977,656 SF
Transaction Type:Sale
Located at 12 MetroTech Center in Downtown Brooklyn, this office property was involved in a recent transaction. The property was sold by Brookfield Property Partners to @60Guilders, a real estate firm. The deal was facilitated by brokers Doug Harmon, Adam Spies, Adam Doneger, Dan O’Brien, Rachel Humphrey, and Meaghan Philbin from @CushWake. The sale price for this transaction was $128,000,000.
Summary of transaction details
- Property Type: Office
- Sale Price: $128,000,000
Additionally, @60Guilders secured a loan amount of $106,000,000 for this acquisition. The loan was facilitated by brokers Gideon Gil, Lauren Kaufman, Steve Kohn, and Alex Hernandez from @CushWake.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$454,756.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$606,785.30
Annual Debt Service$7,281,423.63
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