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77 Sands St, Brooklyn, NY, ...

RFR Holding Acquires Property From Invesco Real Estate For $121.3 Million In Brooklyn
SOLDOffice

RFR Holding Acquires Property From Invesco Real Estate For $121.3 Million In Brooklyn

77 Sands St, Brooklyn, NY, 11201

$121,300,000

$632/SF

Building Size

191,800 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is located at 77 Sands St, Brooklyn, NY, 11201. The sale price for this asset was $121,300,000.00, and the total square footage of the property is 191,800 square feet. It is situated in the Brooklyn market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $121,300,000.00
  • Square Footage: 191,800
  • Address: 77 Sands St, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Seller: Invesco Real Estate
  • Buyer: RFR Holding
  • Seller's Representative: David Fowler - Remax, Graham Stephens

The transaction involves significant entities in the real estate sector, with RFR Holding acting as the buyer and Invesco Real Estate as the seller. The brokerage representation for the seller was provided by David Fowler from Remax alongside Graham Stephens, ensuring the transaction was facilitated professionally.

Players

Graham Stephens

Broker

$2.7B

vol

10 deals

Broker
RFR
RFRBuyer
Invesco Real Estate
Invesco Real EstateSeller
Invesco Real Estate
Invesco Real EstateLender

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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93