JP Morgan Chase Sells Office Building In Columbia Street Waterfront For $2.25M
SOLD
$2,250,000
+ 1
New York
See Similar DealsOffice5,780 SF
Sold 08/11/2021
SOLD
JP Morgan Chase Sells Office Building In Columbia Street Waterfront For $2.25M
79 Hamilton Avenue, Columbia Street Waterfront District, Brooklyn, NY, USA
See Similar DealsOffice5,780 SF
Sold 08/11/2021
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$389
Total Square Footage:5,780 SF
Transaction Type:Sale
Located at 79 Hamilton Avenue in the Columbia Street Waterfront market, an office property has been sold for $2,250,000. The property spans 5,780 square feet, resulting in a price per square foot of $389. The seller of the property was JP Morgan Chase.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,250,000
- Square Footage: 5,780
- Price Per Square Foot: $389
- Seller: JP Morgan Chase
The sale of this office property was facilitated by the brokers Dan O'Brien, Casey Begoon, Will Diana, and Caroline Hodes of Cushman & Wakefield.
Players
BROKERAGE
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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