Terra CRG Sells Industrial Asset At 7 Knickerbocker Avenue In East Williamsburg For $7M
SOLD
$7,000,000
National
See Similar DealsIndustrial9,974 SF
Sold 07/10/2024
SOLD
Terra CRG Sells Industrial Asset At 7 Knickerbocker Avenue In East Williamsburg For $7M
7 Knickerbocker Avenue
See Similar DealsIndustrial9,974 SF
Sold 07/10/2024
Summary
Asset Type:Industrial
Price Per Square Foot:$701
Total Square Footage:9,974 SF
Transaction Type:Sale
This industrial asset, located at 7 Knickerbocker Avenue in East Williamsburg, Brooklyn, has a total square footage of 9,974 and was sold for $7,000,000, equating to a price per square foot of $702.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 9,974
- Price Per Square Foot: $702
- Address: 7 Knickerbocker Avenue
- Market: East Williamsburg, Brooklyn
- Brokers: Dan Marks, Daniel Lebor & Jackson O'Neill - Terra CRG
The transaction involved prominent brokers Dan Marks, Daniel Lebor, and Jackson O'Neill representing the deal through Terra CRG, managing the complexities of the industrial real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
Is there something missing? Send suggestions