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4801 2nd Avenue, Brooklyn, ...

Ridgewood Savings Bank Provides $765,000 Loan For Industrial Property In Sunset Park, Brooklyn
FINANCEDIndustrial

Ridgewood Savings Bank Provides $765,000 Loan For Industrial Property In Sunset Park, Brooklyn

4801 2nd Avenue, Brooklyn, NY 11232

$765,000

$54/SF

Building Size

14,033 SF

Asset Type

Industrial

Closing

Oct 9, 2020

AI

The industrial property located at 4801 2nd Avenue in Sunset Park, Brooklyn, was involved in a recent transaction. The property has a market value and zoning categorized as M1-2D. The loan for this transaction was provided by Ridgewood Savings Bank, with a total amount of $765,000. The landlord of the property is Jay Eisen. The broker representing the deal is Christopher J. Calabrese from the company heCSOrganization.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $765,000
  • Address: 4801 2nd Avenue, Sunset Park, Brooklyn
  • Market: Sunset Park, Brooklyn
  • Loan: Ridgewood Savings Bank
  • Landlord: Jay Eisen
  • Broker: Christopher J. Calabrese - heCSOrganization
  • Asset Type: Industrial
  • Zoning: M1-2D

In addition to the above information, the property has a building square footage (BSF) of 28,066 and a lot size of 140.33 ft x 100 ft.

Players

Christopher J. Calabrese

The CS Organization

Broker

$24.6M

vol

17 deals

Broker

New York Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

20.74%

Cash-on-Cash

-5.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93