Slate Property Group Acquires Special Purpose Asset In Fort Greene For $8.85M
108 St. Edward Street
$8,850,000
$135/SF
Building Size
65,501 SF
Asset Type
Special Purpose
Closing
Nov 2, 2020
AI
The special purpose property located at 108 St. Edward Street in Fort Greene has been sold for a total price of $8,850,000. The property spans across 65,501 square feet, resulting in a price per square foot of $135. The transaction took place on 11/03/2022.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $8,850,000
- Address: 108 St. Edward Street, Fort Greene
- Market: Fort Greene
The buyer of the property is Slate Property Group, and the seller is the Diocese of Brooklyn. The deal was facilitated by the brokers Dan O'Brien, Frank Liantonio, and Caroline Hodes from Cushman & Wakefield. Their roles were to represent the buyer and seller in the transaction.
Players
Cape Town Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93