Updated Jul 22, 2025
JP Morgan Acquires Industrial Asset From Eleven North Capital In Hempstead For $18.6M
1 Brooklyn Road
$18,600,000
$244/SF
Building Size
76,000 SF
Asset Type
Industrial
Closing
Jul 16, 2025
About this deal
AI
The industrial property at 1 Brooklyn Road in Hempstead has been sold for a transaction amount of $18,600,000. The asset encompasses a size of 76,000 square feet, translating to a price per square foot of $244.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,600,000
- Address: 1 Brooklyn Road
- Market: Hempstead
- Size: 76,000 SF
- Price per SF: $244
- Buyer: JP Morgan
- Seller: Eleven North Capital
- Brokers: Brett Siegel, Daniel Oliver & Felton Hatcher - Newmark
The transaction involved key players including JP Morgan as the buyer and Eleven North Capital as the seller. The brokerage team representing the transaction comprises Brett Siegel, Daniel Oliver, and Felton Hatcher from Newmark.
Players
Hempstead Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93