ErraCRG Acquires Industrial Property In East Williamsburg For $18.2M
1301 Metropolitan Ave, East Williamsburg, Brooklyn, NY, USA
$18,175,000
$214/SF
Building Size
84,630 SF
Asset Type
Industrial
Closing
Jun 10, 2020
AI
Located at 1301 Metropolitan Ave in East Williamsburg, this industrial property recently sold for a price of $18,175,000. The transaction took place on 06/10/2021 and involved an asset with a total square footage of 84,630. The sale price of $18,175,000 translates to a price per square foot of $214.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,175,000
- Address: 1301 Metropolitan Ave
- Market: East Williamsburg
The sale was facilitated by the brokers Dan Marks, Daniel Lebor, and Robert Finnerty from erraCRG.
Players
Brooklyn 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93