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Willoughby & Suydam LLC Acquires Industrial Property In Bushwick For $6.75M

Property Image
SOLD
$6,750,000

New York

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Industrial100,000 SF
Sold 03/14/2024
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Property Image
SOLD

Willoughby & Suydam LLC Acquires Industrial Property In Bushwick For $6.75M

1288 Willoughby Avenue, 1292 Willoughby Avenue, 1294 Willoughby Avenue, 1282 Willoughby Avenue & 373 Suydam Street

See Similar Deals
Industrial100,000 SF
Sold 03/14/2024
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$67
Total Square Footage:100,000 SF
Transaction Type:Sale

An industrial property located at 1288, 1292, 1294 & 1282 Willoughby Avenue & 373 Suydam Street in Bushwick, Brooklyn, was recently sold for $6,750,000. The total square footage of this property is 20,000, with a price per square foot of $338. The warehouse within the property spans across 13,825 square feet.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $6,750,000
  • Address: 1288, 1292, 1294 & 1282 Willoughby Avenue & 373 Suydam Street, Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn
  • Buyer: Willoughby & Suydam LLC
  • Seller: Dronacharje Balgobin
  • Broker: Greg Ngo - Oxford Property Group
  • Square Footage: 20,000
  • Price Per Square Foot: $338
  • Warehouse Square Footage: 13,825

The transaction was facilitated by the real estate broker, Greg Ngo, representing Oxford Property Group. The buyer, Willoughby & Suydam LLC, acquired the property from the seller, Dronacharje Balgobin, in this industrial real estate deal.

Players

Greg Ngo
Oxford Property Group
Greg Ngo
1 deal$6.8M volume(646) 846-0014
BROKER

Details

SOLD
IMAGE: Greg Ngo DATE: 03/14/2024 ADDRESS: 1288, 1292, 1294 & 1282 Willoughby Avenue & 373 Suydam Street MARKET: Bushwick, Brooklyn ASSET TYPE: Industrial BUYER: Willoughby & Suydam LLC SELLER: Dronacharje Balgobin BROKER: Greg Ngo - Oxford Property Group SALE PRICE: $6,750,000 SF: 20,000 ~ PPSF: $338 WAREHOUSE SF: 13,825

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,981.32
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