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79 Hamilton Avenue, Columbi...

JP Morgan Chase Sells Office Building In Columbia Street Waterfront For $2.25M
SOLDOffice

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

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
Artemis Realty Advisors
Artemis Realty AdvisorsBrokerage
J.P. Morgan Chase
J.P. Morgan ChaseSeller
J.P. Morgan Chase
J.P. Morgan ChaseLender

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