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1000 Brook Avenue

Jorge Madruga Acquires Industrial Property On Brook Avenue In New York City For $4.6M
SOLDIndustrial

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

Mathew Diana

DY Realty Group

Broker

$415.6M

vol

19 deals

Broker
Jorge Madruga

Jorge Madruga

Maddd Equities

Buyer

$749.5M

vol

23 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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