facebook
Traded Co logo
Submit

Amherst Sells Retail Space At 1 Hanson Place In Downtown Brooklyn For $10 Million

Property Image
SOLD
$10,000,000
Robert (Robbie) Ferman
Daniel (Dan) O'Brien
Caroline Hodes

New York

See Similar Deals
Retail41,400 SF
Sold 10/31/2024
the dealplayerscompscontact
Property Image
SOLD

Amherst Sells Retail Space At 1 Hanson Place In Downtown Brooklyn For $10 Million

1 Hanson Place

See Similar Deals
Retail41,400 SF
Sold 10/31/2024
Robert (Robbie) Ferman
Daniel (Dan) O'Brien
Caroline Hodes
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$241
Total Square Footage:41,400 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 1 Hanson Place in Downtown Brooklyn. It covers a total of 41,400 square feet and was sold for a price of $10,000,000, resulting in a price per square foot of $241.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,000,000
  • Square Footage: 41,400
  • Price Per Square Foot: $241
  • Address: 1 Hanson Place
  • Market: Downtown Brooklyn
  • Seller: Amherst
  • Brokers: Daniel O'Brien, Caroline Hodes & Robbie Ferman - Newmark

The key individuals involved in this deal include Daniel O'Brien, Caroline Hodes, and Robbie Ferman, who represented the seller, Amherst, during the transaction. Their involvement reflects a collaborative effort with Newmark in facilitating the sale of the retail property.

Players

Caroline Hodes
Newmark
Caroline Hodes
94 deals$1.8B volume(516) 263-9404
BROKER
Robert (Robbie) Ferman
Newmark
Robert Ferman
28 deals$299.6M volume(212) 655-0695
BROKER
Daniel (Dan) O'Brien
Newmark
Daniel O'Brien
146 deals$4.7B volume(212) 698-5584
BROKER

Details

SOLD
IMAGE: Daniel O'Brien, Caroline Hodes & Robbie Ferman DATE: 10/31/2024 ADDRESS: 1 Hanson Place MARKET: Downtown Brooklyn ASSET TYPE: Retail SELLER: Amherst BROKERS: Daniel O'Brien, Caroline Hodes (@CarolineHodes) & Robbie Ferman (@Robbie_Ferman_RE) - Newmark (@Newmark) SALE PRICE: $10,000,000 SF: 41,400 ~ PPSF: $241

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22