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Aperture Holdings And Greenmont Group Acquire Office In Greenpoint For $17.04M From Kickstarter

Property Image
SOLD
$17,040,000

New York

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Office32,879 SF
Sold 02/05/2025
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Property Image
SOLD

Aperture Holdings And Greenmont Group Acquire Office In Greenpoint For $17.04M From Kickstarter

58 Kent Street

See Similar Deals
Office32,879 SF
Sold 02/05/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$518
Total Square Footage:32,879 SF
Transaction Type:Sale

The property involved in the transaction is located at 58 Kent Street in Greenpoint. The asset type is an office building, measuring 32,879 square feet. The sale concluded at a price of $17,040,000, which translates to a price per square foot of $518.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,040,000
  • Address: 58 Kent Street
  • Market: Greenpoint
  • Square Footage: 32,879
  • Price per Square Foot: $518
  • Buyer: Aperture Holdings & Greenmont Group
  • Seller: Kickstarter
  • Broker Representatives: Daniel O'Brien, Caroline Hodes & Robbie Ferman - Newmark

The deal included key players from both the buyer and seller sides. Aperture Holdings and Greenmont Group acted as the buyers, while Kickstarter was the seller. The transaction was facilitated by brokerage representatives Daniel O'Brien, Caroline Hodes, and Robbie Ferman from Newmark, signifying a collaboration among experienced professionals in the market.

Players

Caroline Hodes
94 deals$1.8B volume(516) 263-9404
BROKER

Robert (Robbie) Ferman
Newmark
28 deals$299.6M volume(212) 655-0695
BROKER

Daniel (Dan) O'Brien
Newmark
146 deals$4.7B volume(212) 698-5584
BROKER

Details

SOLD
IMAGE: Daniel O'Brien, Caroline Hodes, Robbie Ferman, Douglas Baillie, Eyal Greenberg, Pir Granoff, Josh Honig & Shawn Pandit DATE: 02/05/2025 ADDRESS: 58 Kent Street MARKET: Greenpoint ASSET TYPE: Office BUYER: Aperture Holdings & Greenmont Group SELLER: Kickstarter BROKERS: Daniel O'Brien, Caroline Hodes (@CarolineHodes) & Robbie Ferman - Newmark (@Newmark) SALE PRICE: $17,040,000 SF: 32,879 ~ PPSF: $518

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$908,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,539.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,778.29
Annual Debt Service$969,339.52