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12 Metrotech Center, Downto...

60Guilders & Davidson Kempner Acquire Office Building In Downtown Brooklyn For $130M
SOLDOffice

60Guilders & Davidson Kempner Acquire Office Building In Downtown Brooklyn For $130M

12 Metrotech Center, Downtown Brooklyn, Brooklyn, NY, USA

$130,000,000

$698/SF

Building Size

186,000 SF

Asset Type

Office

Closing

May 11, 2021

AI

Located at 12 Metrotech Center in Downtown Brooklyn, this office property has been sold in a recent transaction. The property spans approximately 186,000 square feet and was purchased for a sale price of $130,000,000, resulting in a price per square foot of $69,812. The transaction took place on May 12, 2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $130,000,000
  • Address: 12 Metrotech Center, Downtown Brooklyn
  • Market: Downtown Brooklyn

The buyer in this transaction was @60Guilders & Davidson Kempner, while the seller was Brookfield Property Partners. The deal was facilitated by a team of brokers from CushWake, including Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Dan O’Brien, and Rachel Humphrey.

Notable individuals involved in the transaction include Adam Spies, Dan O’Brien, Kevin Chisholm, Adam Doneger, Bastien Broda, Marcella Fasulo, and Doug Harmon. The transaction highlights the active commercial real estate market in Downtown Brooklyn.

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

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93