60Guilders & Davidson Kempner Acquire Office Building In Downtown Brooklyn For $130M
12 Metrotech Center, Downtown Brooklyn, Brooklyn, NY, USA
$130,000,000
$698/SF
Building Size
186,000 SF
Asset Type
Office
Closing
May 11, 2021
About this deal
AI
Located at 12 Metrotech Center in Downtown Brooklyn, this office property has been sold in a recent transaction. The property spans approximately 186,000 square feet and was purchased for a sale price of $130,000,000, resulting in a price per square foot of $69,812. The transaction took place on May 12, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $130,000,000
- Address: 12 Metrotech Center, Downtown Brooklyn
- Market: Downtown Brooklyn
The buyer in this transaction was @60Guilders & Davidson Kempner, while the seller was Brookfield Property Partners. The deal was facilitated by a team of brokers from CushWake, including Adam Spies, Adam Doneger, Doug Harmon, Marcella Fasulo, Dan O’Brien, and Rachel Humphrey.
Notable individuals involved in the transaction include Adam Spies, Dan O’Brien, Kevin Chisholm, Adam Doneger, Bastien Broda, Marcella Fasulo, and Doug Harmon. The transaction highlights the active commercial real estate market in Downtown Brooklyn.
On the Map
$130,000,000
$698/SF
Office
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Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93