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108 St. Edward Street

Slate Property Group Acquires Special Purpose Asset In Fort Greene For $8.85M
SOLDSpecial Purpose

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

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
Slate Property Group
Slate Property GroupBuyer
Slate Property Group
Slate Property GroupLender

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