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109 14th St, Vallejo, CA 94...

Updated Dec 21, 2023

Andrew Feinman Acquires Gowanus Warehouse Dev Site For $4.9M
SOLDDevelopment Site

Andrew Feinman Acquires Gowanus Warehouse Dev Site For $4.9M

109 14th St, Vallejo, CA 94590, USA

Building Size

120,000 SF

Asset Type

Development Site

Closing

Jan 16, 2018

About this deal

AI

The transaction involved the sale of four warehouse properties located at 105 14th Street, 109 14th Street, 111 14th Street, and 113 14th Street in Gowanus, Brooklyn, New York. The properties were sold for a total price of $4.9 million. The combined square footage of the warehouses is 12,000 square feet, resulting in a price per square foot of $408.

Summary of transaction details:

  • Property Type: Warehouse (Dev Site)
  • Transaction Amount: $4.9 million
  • Square Footage: 12,000 SF
  • Price per Square Foot: $408
  • Address: 105 14th Street, 109 14th Street, 111 14th Street, and 113 14th Street, New York
  • Market: Gowanus, Brooklyn

The seller of the properties was John Scala, while the buyer was Andrew Feinman.

Players

John Scala

Seller

$12.8M

vol

3 deals

Seller

Vallejo Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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