Updated Oct 29, 2024
SOLDIndustrial
Sitex Group Acquires Industrial Property In Brooklyn From Estate Four For $42.4M
68 Ferris St, Annandale Nsw 2038, Australia
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
May 1, 2017
About this deal
AI
The industrial property located at 68 Ferris Street in Brooklyn, part of the NYC Boroughs market, has been sold for a price of $42,400,000. The property spans an impressive 1,200,000 square feet, resulting in a price per square foot of $350.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $42,400,000
- Address: 68 Ferris Street, Brooklyn
- Market: NYC Boroughs
- Square Footage: 1,200,000
- Price Per Square Foot: $350
The seller of the property was Estate Four, while the buyer was Sitex Group.
Players
Sydney Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
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