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Joyland Group Acquires Industrial Building In Williamsburg For $5.5M
SOLD
New York
See Similar DealsSold 04/17/2023
SOLD
Joyland Group Acquires Industrial Building In Williamsburg For $5.5M
15-19 Wythe Avenue
See Similar DealsSold 04/17/2023
Summary
NEW YORK
Transaction Type:Sale
Joyland Group's North Williamsburg Corner Kent LLC has acquired an industrial building located at 15-19 Wythe Avenue in Williamsburg, Brooklyn. The property was sold by Gary Zimberg for a transaction amount of $5,500,000. This industrial asset spans a total of 5,000 square feet and includes an additional 4,999 square feet of air rights. The building is situated in the vibrant market of Williamsburg, Brooklyn.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 15-19 Wythe Avenue, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The buyer in this deal was Joyland Group, represented by Joel Wertzberger. On the other side, Gary Zimberg acted as the seller. The purchase price per square foot was $1,100, and the building's size was measured at 5,000 square feet. The buyer also acquired an additional 4,999 square feet of air rights.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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