JP Morgan Chase Sells Office Building In Columbia Street Waterfront For $2.25M
79 Hamilton Avenue, Columbia Street Waterfront District, Brooklyn, NY, USA
$2,250,000
$389/SF
Building Size
5,780 SF
Asset Type
Office
Closing
Aug 11, 2021
About this deal
AI
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.
On the Map
$2,250,000
$389/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Casey Begoon to view all their deals.
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93