@60Guilders Acquires 12 MetroTech Center In Downtown Brooklyn From Brookfield Property Partners For $128M
12 Metrotech Center, Brooklyn, NY, USA
$128,000,000
$130/SF
Building Size
977,656 SF
Asset Type
Office
Closing
Aug 15, 2021
AI
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.
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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93