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1 Hanson Place

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

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

1 Hanson Place

$10,000,000

$241/SF

Building Size

41,400 SF

Asset Type

Retail

Closing

Oct 31, 2024

AI

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

Broker

$1.8B

vol

94 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93