Sara Rottenberg, Abe Garbo & Rockopaz Acquire Industrial Properties In Brooklyn For $7.7M
SOLD
$7,700,000
New York
See Similar DealsIndustrial50,000 SF
Sold 01/09/2025
SOLD
Sara Rottenberg, Abe Garbo & Rockopaz Acquire Industrial Properties In Brooklyn For $7.7M
122 Washington Avenue & 124 Washington Avenue
See Similar DealsIndustrial50,000 SF
Sold 01/09/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:50,000 SF
Transaction Type:Sale
The property involved in the transaction consists of two industrial assets located at 122 Washington Avenue and 124 Washington Avenue in Brooklyn. The sale was executed for a total price of $7,700,000, resulting in a price per square foot of $308. The total square footage of the assets is 25,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,700,000
- Square Footage: 25,000
- Price per Square Foot: $308
- Buyer: Sara Rottenberg, Abe Garbo & Rockopaz
- Seller: Ann Ballentine
- Market: Brooklyn
The individuals involved in this transaction include the buyers Sara Rottenberg, Abe Garbo, and Rockopaz, who collectively acquired the properties, while Ann Ballentine served as the seller.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$410,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,356.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,501.93
Annual Debt Service$438,023.14
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