Updated Dec 20, 2023
Juan Perez Acquires Industrial Property On St Nicholas Avenue In Bushwick For $12.4M
1 St Nicholas Ave, Brooklyn, NY 11237, USA
$12,400,000
$59/SF
Building Size
208,800 SF
Asset Type
Industrial
Closing
Nov 25, 2019
About this deal
AI
The industrial property located at 1 St Nicholas Avenue in the Bushwick market has been sold for $12,400,000. The property spans across 20,880 square feet, resulting in a price per square foot of $591.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,400,000
- Square Footage: 20,880
- Price per Square Foot: $591
- Address: 1 St Nicholas Avenue
- Market: Bushwick
The buyer of the property is Juan Perez, while the seller is Michael Chiriac of Chiriac Holdings.
The industrial sale at 1 St Nicholas Ave, Brooklyn, NY 11237, USA in Brooklyn, New York sold for $12.4M in 2019. The building is 208,800 square feet, implying about 59 per square foot on the published price. This page is the Brooklyn, New York file for the 1 St Nicholas Ave, Brooklyn, NY 11237, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn industrial set by closing date to see what else sold near 1 St Nicholas Ave, Brooklyn, NY 11237, USA around 2019. Published consideration for 1 St Nicholas Ave, Brooklyn, NY 11237, USA is $12.4M, dated 2019. Cite this Juan Perez Acquires Industrial Property On St Nicholas Avenue In Bushwick For $12.4M sale when underwriting similar industrial product around Brooklyn, New York.
Players
Brooklyn 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93