Updated Oct 29, 2024
CenterPoint Properties Acquires Industrial Properties In Flatlands, Brooklyn For $133M
10110 Foster Ave, Brooklyn, NY 11236, USA
$133,025,000
$14/SF
Building Size
9,254,110 SF
Asset Type
Industrial
Closing
Jan 9, 2020
About this deal
AI
A closed property transaction recently took place in Flatlands, Brooklyn. Located at 103-00 Foster Avenue, 101-10 Foster Avenue, and 101-01 Avenue D, the industrial property was involved in the deal. It spans a total square footage of 925,411 and was sold for a significant amount of $133,025,000. The price per square foot for this transaction was $143.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $133,025,000
- Square Footage: 925,411
- Price Per Square Foot: $143
- Market: Flatlands, Brooklyn
The seller in this transaction was Rentar Development, represented by Felice Bassin. Their buyer was CenterPoint Properties, with Bob Chapman representing them. The deal was facilitated by DY Realty Group's Paul J. Yuras, Mathew Diana, and Peter Derbar.
On the Map
$133,025,000
$14/SF
Industrial
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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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93