Updated Dec 21, 2023
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
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