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141 Willoughby Street

Capstone Acquires Office Asset At 141 Willoughby Street In Brooklyn From PIMCO For $135M
SOLDOffice

Capstone Acquires Office Asset At 141 Willoughby Street In Brooklyn From PIMCO For $135M

141 Willoughby Street

$107,000,000

$278/SF

Building Size

384,736 SF

Asset Type

Office

Closing

Feb 17, 2025

AI

The asset involved in this transaction is an office property located at 141 Willoughby Street, Brooklyn. The sale price was $135,000,000, encompassing a total square footage of 384,736, which translates to a price per square foot of $351.

Summary of transaction details:

This deal involved key brokerage representatives from Eastdil Secured, including Gary Phillips, Will Silverman, Rob Turner, Grant Frankel, and Jeff Organisciak, who facilitated the transaction between Capstone and PIMCO.

Players

Jeff Organisciak

Eastdil Secured

Broker

$8.9B

vol

37 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93