Updated Dec 21, 2023
Avraham M. Jalas Acquires Industrial Property In Midwood, Brooklyn For $3.9M
1277 Mcdonald Avenue, Brooklyn, New York 11230, United States
$3,900,000
$702/SF
Building Size
5,553 SF
Asset Type
Industrial
Closing
Apr 28, 2022
About this deal
AI
The industrial property located at 1277 Mcdonald Avenue in Midwood, Brooklyn has been sold for a price of $3,900,000. The property has a total square footage of 5,553, with a price per square foot of $702. The building has a gross square footage of 10,678, resulting in a price per gross square foot of $365. The property has a floor area ratio (FAR) of 0.52 and falls under tax class 4. The lot size is 10,678 square feet and the dimensions of the lot are 85.83 ft x 125 ft. The property had an alteration permit issued on 06/18/2015.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Market: Midwood, Brooklyn
- Zoning: M1-1, OP
The buyer of the property is Avraham M. Jalas, while the seller is Michael Ciocia.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93