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
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