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142 18th St, Lowell, MA 018...

Aire Ancient Baths Leases 4,100 SF Industrial Space At 142 18th Street In Brooklyn
LEASEDIndustrial

Aire Ancient Baths Leases 4,100 SF Industrial Space At 142 18th Street In Brooklyn

142 18th St, Lowell, MA 01850, USA

Building Size

4,100 SF

Asset Type

Industrial

Closing

Nov 28, 2020

AI

A commercial property located at 142 18th Street in Brooklyn has been sold in a closed transaction. The property is an industrial building with a total area of 4,100 square feet, consisting of 2,500 square feet on the ground floor and 1,600 square feet in the basement. The price per square foot for this transaction is $26. The property was used for commercial laundry and storage purposes.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified

In this transaction, the landlord, Mike Constagliola of AMC Electrical Services, sold the property to the tenant, Aire Ancient Baths. Representing Aire Ancient Baths in the deal was Brian Jaffe from Jaffe Realty LLC.

Players

Brian Jaffe

Jaffe Realty LLC

Broker

$107.8M

vol

9 deals

Broker

Lowell Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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