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240 Willoughby Street, Broo...

Murray McCabe Acquires Fort Greene Hospital In Brooklyn From Simon Dushinsky For $75M
SOLDOther

Murray McCabe Acquires Fort Greene Hospital In Brooklyn From Simon Dushinsky For $75M

240 Willoughby Street, Brooklyn, New York 11201, United States

$75,000,000

$463/SF

Building Size

161,845 SF

Asset Type

Other

Closing

Dec 20, 2021

AI

The property involved in this transaction is a hospital located at 240 Willoughby Street in the Fort Greene market of Brooklyn. It was sold for $75,000,000, with a building square footage of 161,845 and a price per square foot of $463. The total lot size of the asset is 30,744 square feet, and it has a zoning designation of R6 with a floor area ratio (FAR) of 5.26. The last sale price of the property was $95,000,000, which occurred on December 8, 2019.

Summary of transaction details:

  • Property Type: Hospitals
  • Transaction Amount: $75,000,000
  • Address: 240 Willoughby Street
  • Market: Fort Greene, Brooklyn
  • Building Square Feet (BSF): 74,708
  • Price Per Building Square Foot (PPBSF): $1,004
  • Total Square Feet (SF): 161,845
  • Price Per Square Foot (PPSF): $463
  • Floor Area Ratio (FAR): 5.26
  • Tax Class: 4
  • Lot Size: 30,744
  • Last Sale Price: $95,000,000 (12/08/2019)

The deal was finalized with Murray McCabe as the buyer and Simon Dushinsky as the seller, facilitating the transaction without further involvement from additional parties. The brokerage information indicates that there were no listed representatives for either the buyer or the seller in this deal.

Players

Simon Dushinsky

Rabsky Group

Broker

$1.6B

vol

19 deals

Broker

Murray Mccabe

Buyer

$161.1M

vol

5 deals

Buyer
Simon Dushinsky

Simon Dushinsky

Rabsky Group

Seller

$1.6B

vol

19 deals

Seller

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93