Maurice Kohan Acquires Industrial Property In Kew Gardens For $3.36M
129-19 Metropolitan Avenue, Brooklyn, New York 11249, United States
$3,360,000
$137/SF
Building Size
24,511 SF
Asset Type
Industrial
Closing
Aug 8, 2022
AI
The industrial property located at 129-19 Metropolitan Avenue & 129-11 Metropolitan Avenue in Kew Gardens has been sold in a recent transaction. The property spans across 24,511 square feet and was sold for a total price of $3,360,000. This equates to an average price per square foot of $137.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,360,000
- Address: 129-19 Metropolitan Avenue & 129-11 Metropolitan Avenue, Kew Gardens
- Square Footage: 24,511
- Price Per Square Foot: $137
Maurice Kohan has acquired the property from Christopher Kady in this transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.72%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93