United American Land Acquires Office At 80 Willoughby Street In Downtown Brooklyn From Sisters Of St. Joseph For $23.3M
80 Willoughby Street, Downtown Brooklyn, Brooklyn, NY, USA
$23,250,000
$3,720/SF
Building Size
6,250 SF
Asset Type
Office
Closing
Feb 24, 2021
About this deal
AI
United American Land has acquired an office property located at 80 Willoughby Street in Downtown Brooklyn. The property, totaling 60,500 square feet, was sold by Sisters of St. Joseph for a price of $23,250,000, resulting in a price per square foot of $384.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $23,250,000
- Address: 80 Willoughby Street
- Market: Downtown Brooklyn
The deal was facilitated by JLL, with Andrew Scandalios, Steven Rutman, Jeff Julien, Rob Hinckley, and Brendan Maddigan representing both the buyer, United American Land, and the seller, Sisters of St. Joseph.
Players
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93