Updated Dec 19, 2023
Nachman Michelovitch Acquires Industrial Property In Brooklyn For $7M
1258 McDonald Ave, Brooklyn, NY 11230, USA
$7,000,000
$145/SF
Building Size
48,000 SF
Asset Type
Industrial
Closing
May 6, 2020
About this deal
AI
An industrial property located at 1258 McDonald Ave in Brooklyn has been sold for a total price of $7,000,000. The property spans across 4,800 square feet, with a price per square foot of $1,458. Furthermore, the property has a building square footage of 18,800, resulting in a price per building square foot of $372.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 1258 McDonald Ave, Brooklyn
- Market: Brooklyn
- Square Footage: 4,800
- Price per Square Foot: $1,458
- Building Square Footage: 18,800
- Price per Building Square Foot: $372
The buyer in this transaction is Nachman Michelovitch, while the seller is Abraham Berliner.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93