Updated Oct 29, 2024
PNC Bank Provides $57.4M Loan For Uovo's Warehouse On Evergreen Ave
105 Evergreen Ave, Brooklyn, NY, USA
$57,400,000
$382/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Aug 1, 2019
About this deal
AI
A warehouse located at 105 Evergreen Ave. in Brooklyn has been involved in a closed property transaction. The property, with a total area of 150,000 square feet, was sold for a loan amount of $57.4 million. The selling price per square foot was $313.
Summary of transaction details
- Property Type: Warehouse
- Loan Amount: $57.4 million
- Address: 105 Evergreen Ave.
- Market: Brooklyn
PNC Bank provided the loan for this transaction, while Uovo acted as the landlord. Steven Guttman, as the representative from PNC Bank, facilitated the deal.
On the Map
$57,400,000
$382/SF
Industrial
View full map
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93