Charles Cara Acquires Industrial Property In Brooklyn For $22M
42 President St.
Building Size
—
Asset Type
—
Closing
Jun 15, 2022
About this deal
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.
Traded’s record for 42 President St. in New York, New York covers a commercial sale from 2022. Named participants on the 42 President St. sale are Rachel Foster, Charles Cara. This page is the New York, New York file for the 42 President St. commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 42 President St. around 2022. Cite this Charles Cara Acquires Industrial Property In Brooklyn For $22M sale when underwriting similar commercial product around New York, New York.
Players
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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