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121 Hausman Street, Brookly...

Anna Casalino Acquires Industrial Building In Greenpoint, Brooklyn For $24M
SOLDIndustrial

Anna Casalino Acquires Industrial Building In Greenpoint, Brooklyn For $24M

121 Hausman Street, Brooklyn, New York 11222, United States

$24,000,000

$339/SF

Building Size

70,627 SF

Asset Type

Industrial

Closing

Mar 30, 2022

AI

An industrial building located at 121 Hausman Street in Greenpoint, Brooklyn has been sold in a recent transaction. The property is zoned as M3-1 and has a total size of 66,629 square feet. The building features a total square footage of 70,627 and a price per square foot of $339, resulting in a total sale price of $24,000,000. The buyer, Anna Casalino, acquired the property from the seller, Yitzchok Schwartz.

Summary of transaction details:

  • Property Type: Industrial Building
  • Transaction Amount: $24,000,000
  • Address: 121 Hausman Street, Greenpoint, Brooklyn
  • Market: Greenpoint, Brooklyn
  • Zoning: M3-1
  • Buyer: Anna Casalino
  • Seller: Yitzchok Schwartz
  • Price per Square Foot: $339
  • Lot Size: 66,629 square feet

The deal also involved an alteration permit issued on April 12, 2018. The lot dimensions of the property are 200 feet by 323 feet, and the total building square footage is 133,258 with a floor area ratio (FAR) of 1.06. The property falls under tax class 4.

Players

Anna Casalino

Buyer

$28M

vol

2 deals

Buyer

Yitzchok Schwartz

Seller

$386.9M

vol

11 deals

Seller

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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93