J.W. Mays, Inc Acquires Office Asset From François Trausch For $40 Million In Brooklyn
25 Elm Place
$40,000,000
$245/SF
Building Size
162,891 SF
Asset Type
Office
Closing
Mar 19, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 25 Elm Place in Brooklyn. The sale price for this property was $40,000,000. It encompasses a total square footage of 162,891, resulting in a price per square foot of $246.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40,000,000
- Address: 25 Elm Place
- Market: Brooklyn
- Square Footage: 162,891
- Price per Square Foot: $246
- Buyer: J.W. Mays, Inc
- Seller: François Trausch - PIMCO Prime Real Estate
The key individuals involved in this transaction are J.W. Mays, Inc as the buyer and François Trausch, representing PIMCO Prime Real Estate as the seller. This deal reflects the efforts of both parties in the commercial real estate market of Brooklyn.
On the Map
$40,000,000
$245/SF
Office
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Players
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93