Updated Jan 23, 2025
Brian & Ken Lee Acquire Industrial Property At 1902 Neptune Ave For $1.975M With Broker Christopher J. Calabrese
1902 Neptune Ave
$1,975,000
Building Size
—
Asset Type
Industrial
Closing
Oct 18, 2023
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 1902 Neptune Ave. The purchase price was $1,975,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,975,000.00
- Sale Date: 10/18/2023
- Buyer: Brian & Ken Lee
- Broker: Christopher J. Calabrese (The CS Organization)
The key individuals involved in this deal include the buyers Brian and Ken Lee, who are acquiring the property through representation by broker Christopher J. Calabrese from The CS Organization.
The industrial sale at 1902 Neptune Ave sold for $2M in 2023. 1902 Neptune Ave is classified as Industrial on Traded. Christopher J. Calabrese, The CS Organization appear on the sale alongside The CS Organization. This page is the market file for the 1902 Neptune Ave industrial sold: pricing, party profiles, and other closed industrial comps from the same area sit in the Market section below. Filter that local industrial set by closing date to see what else sold near 1902 Neptune Ave around 2023. Published consideration for 1902 Neptune Ave is $2M, dated 2023. Cite this Brian & Ken Lee Acquire Industrial Property At 1902 Neptune Ave For $1.975M With Broker Christopher J. Calabrese sale when underwriting similar industrial product.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93