Jorge Madruga Acquires Industrial Property On Brook Avenue In New York City For $4.6M
1000 Brook Avenue
$4,600,000
$353/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Apr 6, 2023
AI
The industrial property located at 1000 Brook Avenue in New York City has recently been sold for a total price of $4,600,000. Spanning across 13,000 square feet, the property was sold at a price per square foot of $354. The transaction took place on April 6, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Square Footage: 13,000
- Price Per Square Foot: $354
- Address: 1000 Brook Avenue, New York City
Jorge Madruga is the buyer of the industrial property, while the transaction was facilitated by Mathew Diana from DY Realty Group. Mathew Diana represented both the buyer and the seller in this deal, showcasing the expertise of DY Realty Group in the outer-borough industrial real estate market.
If you have a property you are interested in selling or leasing, or if you want to join the DY Realty team, you can contact Mat Diana at 718-729-7474 x134 or [email protected].
Players
Market 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93