facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

12 Metrotech Center, Brookl...

@60Guilders Acquires 12 MetroTech Center In Downtown Brooklyn From Brookfield Property Partners For $128M
SOLDOffice

@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

Adam Doneger

Newmark

Broker

$50.1B

vol

190 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$71.7B

vol

263 deals

Broker

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

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93