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1120 Metropolitan Ave Brook...

Updated Sep 9, 2024

Vincent Chen Acquires Industrial Property On Metropolitan Avenue In New York City For $1.4M
SOLDIndustrial

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

About this deal

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.

On the Map

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$1,388,000

$365/SF

Industrial

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Players

Mathew Diana

DY Realty Group

Broker

$415.6M

vol

20 deals

Broker
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New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $365 per square foot on a published $1.4M for 3,800 square feet (2023).

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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

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