Updated Oct 29, 2024
ATW Realty Acquires Industrial Property In Brooklyn For $10.7M
966 Alabama Ave #988, Brooklyn, Ny 11207, Usa
$10,700,000
$262/SF
Building Size
40,804 SF
Asset Type
Industrial
Closing
Aug 20, 2019
About this deal
AI
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.
On the Map
$10,700,000
$262/SF
Industrial
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Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93