RFR Holding Acquires Property From Invesco Real Estate For $121.3 Million In Brooklyn
SOLD
$121,300,000
New York
See Similar DealsOffice191,800 SF
SOLD
RFR Holding Acquires Property From Invesco Real Estate For $121.3 Million In Brooklyn
77 Sands St, Brooklyn, NY, 11201
See Similar DealsOffice191,800 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$632
Total Square Footage:191800 SF
Transaction Type:Sale
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
BUYER
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$430,953.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$575,023.88
Annual Debt Service$6,900,286.61
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