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1109 Metropolitan Avenue, B...

Updated Dec 21, 2023

Collin Hernandez Acquires Warehouse In Williamsburg, Brooklyn For $5.4M
SOLDIndustrial

Collin Hernandez Acquires Warehouse In Williamsburg, Brooklyn For $5.4M

1109 Metropolitan Avenue, Brooklyn, New York 11211, United States

$5,417,550

$729/SF

Building Size

7,425 SF

Asset Type

Industrial

Closing

Dec 5, 2021

About this deal

AI

A warehouse located at 1109 Metropolitan Avenue, Williamsburg, Brooklyn, was recently sold in a closed transaction. The property is zoned as M3-1 and has a total building size of 22,490 square feet with a price per square foot of $241. The total lot size is 11,245 square feet, with dimensions of 138.83 feet by 61.25 feet. The buyer, Collin Hernandez, purchased the property from the seller, Paul Lindahl, for a total price of $5,417,550. The sale took place on December 6, 2021. The previous sale of the property occurred on June 30, 2014, with a price of $1,550,000.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $5,417,550
  • Market: Williamsburg, Brooklyn
  • Zoning: M3-1
  • Buyer: Collin Hernandez
  • Seller: Paul Lindahl
  • Building Size: 22,490 square feet
  • Price per Square Foot: $241
  • Lot Size: 11,245 square feet
  • Last Sale Price: $1,550,000 (June 30, 2014)
  • Lot Dimensions: 138.83 ft x 61.25 ft
  • Sale Date: December 6, 2021

Collin Hernandez acted as the buyer in this transaction, while Paul Lindahl served as the seller. The property's tax class is 4, with a floor area ratio (FAR) of 0.66. This sale represents a significant investment opportunity in the Williamsburg, Brooklyn market.

Players

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $729 per square foot on a published $5.4M for 7,425 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.93%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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