Vincent Chen Acquires Industrial Property On Metropolitan Avenue In New York City For $1.4M
1120 Metropolitan Ave Brooklyn, NY 11211, USA
$1,388,000
$365/SF
Building Size
3,800 SF
Asset Type
Industrial
Closing
Jun 1, 2023
AI
1120 Metropolitan Avenue, a 3,800 square foot industrial property located in New York City, has been sold in a closed transaction. The property was sold for a price of $1,388,000, resulting in a price per square foot of $365. The sale was facilitated by Mathew Diana of DY Realty Group, representing the buyer, Vincent Chen, and the seller, Anthony LaCava.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,388,000
- Address: 1120 Metropolitan Avenue
- Market: New York City
- Buyer: Vincent Chen
- Seller: Anthony LaCava
- Broker: Mathew Diana - DY Realty Group
- Square Footage: 3,800
- Price per Square Foot: $365
DY Realty Group, led by Mathew Diana, specializes in the sale and lease of various types of assets, catering to clients with diverse needs. They aim to provide excellent service to their clients and customers. For any inquiries regarding new space requirements or complimentary property valuation for sale or lease, interested individuals can contact Mat Diana at 718-729-7474.
Players
New York 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
11.43%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93