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5110 2nd Avenue, Brooklyn, ...

O'Connor Capital Partners & CBRE Investment Management - Mary Lang Secures $34.56M Loan For Sunset Park Industrial Property
FINANCEDIndustrial

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

CBRE
CBREBrokerage
J.P. Morgan Chase
J.P. Morgan ChaseLender
CBRE
CBRELandlord

New York Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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