60 Guilders, Davidson Kempner sign $106M acquisition loan with Starwood for office building in Downtown Brooklyn

60 Guilders and Davidson Kempner through the entity 12mtc Owner, LLC as borrower signed an acquisition loan with lender Starwood Property Trust through the entity Starwood Property Mortgage Sub-10-A, L.L.C. valued at $106 million for the office condo (CC) at 12 Metrotech Center, also known as 330 Jay Street in Downtown Brooklyn, Brooklyn.
The deal closed on August 10, 2021 and was recorded on August 19, 2021.
The property has 146,777 square feet of built space according to PincusCo analysis of city data. The loan price per built square foot is $722 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on 10-Aug-21, for $128 million.
The signatory for 60 Guilders and Davidson Kempner was Bastien Broda.

Cushman & Wakefield’s Gideon Gil, Lauren Kaufman, Steve Kohn and Alex Hernandez, represented the owners in the financing, the Commercial Observer reported.

Within a 400-foot radius of 330 Jay Street, PincusCo identified one commercial real estate item of interests occurred over the past 24 months.
It was a loan which Muss Development borrowed $26.6 million from MetLife secured by one condo unit in the 157,670-square-foot, five-unit mixed-use building (RC) on 350 Jay Street on July 30, 2021.

Direct link to Acris document. link