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121 Pearl Street, Brooklyn,...

Kushner Companies Acquires 121 Pearl Street Brooklyn For $50.58M From Invesco Real Estate
SOLDOffice

Kushner Companies Acquires 121 Pearl Street Brooklyn For $50.58M From Invesco Real Estate

121 Pearl Street, Brooklyn, NY, 11201

$50,580,000

$618/SF

Building Size

81,760 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 121 Pearl Street, Brooklyn, NY, 11201. The transaction reflects a total price of $50,580,000.00 for a property with a square footage of 81,760. This real estate transaction takes place in the Brooklyn market.

Summary of transation details:

  • Property Type: Sale
  • Transaction Amount: $50,580,000.00
  • Address: 121 Pearl Street, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Seller: Invesco Real Estate
  • Buyer: Kushner Companies
  • Seller's Representative: David Fowler - Remax, Graham Stephens

The deal involves key players in the real estate sector, with Invesco Real Estate as the seller and Kushner Companies as the buyer. The representatives facilitating the seller’s side are David Fowler from Remax and Graham Stephens, contributing to the successful closure of this transaction.

Players

Graham Stephens

Broker

$2.7B

vol

10 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesBuyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93