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.
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