ATW Realty Acquires Industrial Property In Brooklyn For $10.7M
SOLD
$10,700,000
Florida
See Similar DealsIndustrial40,804 SF
Sold 08/21/2019
SOLD
ATW Realty Acquires Industrial Property In Brooklyn For $10.7M
966 Alabama Ave #988, Brooklyn, Ny 11207, Usa
See Similar DealsIndustrial40,804 SF
Sold 08/21/2019
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$262
Total Square Footage:40,804 SF
Transaction Type:Sale
The industrial property located at 966-988 Alabama Avenue in Brooklyn was sold in a closed transaction. The property was purchased by ATW Realty, represented by Lisa Wong, from the Chehebar Family. The transaction was facilitated by brokers David Junik and Nechama Lieberow from Pinnacle Realty. The property was sold for a total price of $10,700,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,700,000
- Buyer: ATW Realty – Lisa Wong
- Seller: Chehebar Family
- Brokers: David Junik & Nechama Lieberow- Pinnacle realty
The involvement of Lisa Wong as the representative of ATW Realty and the brokers from Pinnacle Realty played a crucial role in facilitating the transaction of the industrial property at 966-988 Alabama Avenue in Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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