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Eli Gindi Of Gindi Capital Acquires Office Building In Brooklyn From François Trausch For $40M
SOLD
$40,000,000
New York
See Similar DealsOffice162,891 SF
Sold
SOLD
Eli Gindi Of Gindi Capital Acquires Office Building In Brooklyn From François Trausch For $40M
25 Elm Place
See Similar DealsOffice162,891 SF
Sold
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$245
Total Square Footage:162891 SF
Transaction Type:Sale
Gindi Capital acquired an office building located at 25 Elm Place in Brooklyn. The asset spans 162,891 square feet and the acquisition was executed for a total price of $40,000,000, translating to approximately $246 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,000,000
- Address: 25 Elm Place
- Market: Brooklyn
- Buyer: Eli Gindi - Gindi Capital
- Seller: François Trausch - PIMCO Prime Real Estate
- Square Footage: 162,891
- Price per Square Foot: $246
- Transaction Date: March 19, 2026
Eli Gindi represents Gindi Capital in this transaction while François Trausch represents PIMCO Prime Real Estate. The deal showcases a significant engagement between the two entities in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
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