Aperture Holdings And Greenmont Group Acquire Office In Greenpoint For $17.04M From Kickstarter
58 Kent Street
$17,040,000
$518/SF
Building Size
32,879 SF
Asset Type
Office
Closing
Feb 5, 2025
AI
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
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93