Maurice Kohan Acquires Industrial Property In Kew Gardens For $3.36M
SOLD
$3,360,000
New York
See Similar DealsIndustrial24,511 SF
Sold 08/09/2022
SOLD
Maurice Kohan Acquires Industrial Property In Kew Gardens For $3.36M
129-19 Metropolitan Avenue, Brooklyn, New York 11249, United States
See Similar DealsIndustrial24,511 SF
Sold 08/09/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:24,511 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$179,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,937.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,928.11
Annual Debt Service$191,137.37
Is there something missing? Send suggestions