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1002 Alabama Avenue

Al Messina Acquires Industrial Property In Brooklyn For $4M With Brokers Mathew Diana & Michael Makris
SOLDIndustrial

Al Messina Acquires Industrial Property In Brooklyn For $4M With Brokers Mathew Diana & Michael Makris

1002 Alabama Avenue

$4,000,000

$200/SF

Building Size

20,000 SF

Asset Type

Industrial

Closing

Oct 12, 2023

AI

The industrial property located at 1002 Alabama Avenue in Brooklyn has been sold for a price of $4,000,000. The property spans approximately 20,000 square feet, with a price per square foot of $200. Mathew Diana and Michael Makris from DY Realty Group represented both the buyer and the seller in this transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Address: 1002 Alabama Avenue, Brooklyn
  • Market: Brooklyn
  • Buyer: Al Messina
  • Brokers: Mathew Diana & Michael Makris - DY Realty Group

DY Realty Group, known for its expertise in industrial asset sales and leasing, successfully facilitated this deal. The company specializes in meeting the needs of clients and customers, offering a wide range of industrial properties. If you are looking for new space or would like a complimentary valuation of your sale or lease property, you can contact Mat Diana at 718-729-7474. Additionally, DY Realty Group is currently conducting confidential interviews for qualified candidates interested in a career in commercial real estate.

Players

Mathew Diana

DY Realty Group

Broker

$415.6M

vol

19 deals

Broker

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93