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
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93