O'Connor Capital Partners & CBRE Investment Management - Mary Lang Secures $34.56M Loan For Sunset Park Industrial Property
5110 2nd Avenue, Brooklyn, New York 11220, United States
$34,560,000
$184/SF
Building Size
187,465 SF
Asset Type
Industrial
Closing
Sep 11, 2022
AI
The industrial property located at 5110-5112 2nd Avenue in Sunset Park, Brooklyn has been involved in a recent transaction. The property spans across an impressive 187,465 square feet. The transaction took place on September 12, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $34,560,000
- Address: 5110-5112 2nd Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The lender for this transaction was JPMorgan Chase. The landlords involved in this deal are O’Connor Capital Partners and CBRE Investment Management, represented by Mary Lang. Mary Lang acted as the representative for the landlords throughout the transaction.
Players
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93