Updated Dec 21, 2023
Bin Chen Acquires Industrial Property In Greenwood Heights For $4.15M
181 27th Street, Brooklyn, New York 11232, United States
$4,150,000
$517/SF
Building Size
8,013 SF
Asset Type
Commercial
Closing
May 23, 2022
About this deal
AI
An industrial property located at 181 27th Street in Greenwood Heights has been sold in a closed transaction. The property spans 8,000 square feet and was sold for a total of $4,150,000, resulting in a price per square foot of $518.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,150,000
- Address: 181 27th Street
- Market: Greenwood Heights
Bin Chen acted as the buyer in this transaction, while Sheng Lin represented the seller. Both parties successfully completed the sale of the industrial property.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93