Daniel M. Colasuonno Of Titan Industrial Services Buys Industrial Asset In Greenpoint For $5M
110 Hausman Street & 93 Apollo Street
$5,000,000
Building Size
—
Asset Type
Industrial
Closing
Feb 29, 2024
AI
The industrial property transaction in Greenpoint, Brooklyn involved the sale of two parcels located at 110 Hausman Street and 93 Apollo Street. Titan Industrial Services acquired the parcel at 110 Hausman Street for $3.5 million and the parcel at 93 Apollo Street for $1.5 million, totaling $5 million in transactions.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 110 Hausman Street & 93 Apollo Street
- Market: Greenpoint, Brooklyn
Daniel M. Colasuonno, representing Titan Industrial Services, was the buyer in the transaction, while Eric Cohen, from EBC Capital, acted as the seller. Both parties facilitated the deal, with Titan Industrial Services completing the separate transactions for the two parcels.
Players
Brooklyn 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93