Two Trees Management Acquires 240K SF Industrial Property In Brooklyn For $62M
SOLD
New York
See Similar DealsIndustrial2,400,000 SF
Sold 05/31/2018
SOLD
Two Trees Management Acquires 240K SF Industrial Property In Brooklyn For $62M
1, 1-37 12th St, Brooklyn, NY 11215, USA
See Similar DealsIndustrial2,400,000 SF
Sold 05/31/2018
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:2,400,000 SF
Transaction Type:Sale
The industrial property located at 1-37 12th Street in Brooklyn, New York has been sold in a closed transaction for $62,000,000. The property spans 240,000 square feet and has a price per square foot of $201.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $62,000,000
- Size: 240,000 sf
- Price per Square Foot: $201
- Address: 1-37 12th Street, Brooklyn, New York
- Market: Brooklyn
The seller of the property is Team Slope LLC, a joint venture between Meral Property Group and Joyland Group. The buyer in this transaction is Two Trees Management Company, represented by Jed Walentas. The deal was facilitated by brokers Ofer Cohen, Daniel Lebor, and Dan Marks.
Players
BROKERAGE
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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