Anthony Loconte Acquires Office Building In Downtown Brooklyn For $11.5M
81 Court Street, Brooklyn, NY, USA
$11,500,000
$766/SF
Building Size
15,004 SF
Asset Type
Office
Closing
Nov 9, 2020
About this deal
AI
The property at 81 Court Street in Downtown Brooklyn was recently sold in a transaction on November 10, 2020. The property is an office space with a total area of 15,004 square feet. The selling price for the property was $11,500,000, resulting in a price per square foot of $766. The property is zoned as C6-2A, which allows for various commercial uses.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,500,000
- Address: 81 Court Street
- Market: Downtown Brooklyn
- Zoning: C6-2A
- Square Footage: 15,004
- Price per Square Foot: $766
The buyer of the property is Anthony Loconte, while Dominic A Cama is the seller. They were represented in the deal by their respective brokers. Additional information regarding the brokers involved in the transaction is not available.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93