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
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.
Players
New York 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93