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
About this deal
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.
On the Map
$50,580,000
$618/SF
Office
View full map
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit David Fowler to view all their deals.
Browse New York office sales on Traded.
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