SOLD
Charles Cara Acquires Industrial Property In Brooklyn For $22M
42 President St.
Building Size
—
Asset Type
—
Closing
Jun 15, 2022
AI
The industrial property located at 42 President St. in Brooklyn has been sold in a recent transaction. The property spans 22,300 square feet and was sold for $22,000,000, resulting in a price per square foot of $986.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $22,000,000
- Square Footage: 22,300
- Price Per Square Foot: $986
- Address: 42 President St., Brooklyn
The buyer in this transaction is Charles Cara, while the seller is Rachel Foster.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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