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110 Hausman Street

Daniel M. Colasuonno Of Titan Industrial Services Buys Industrial Asset In Greenpoint For $5M
SOLDIndustrial

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

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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