Terreno Realty Group Acquires Industrial Property In East Williamsburg, Brooklyn For $80.5M
134 Morgan Avenue, Brooklyn, NY 11206, USA
$80,500,000
$417/SF
Building Size
193,000 SF
Asset Type
Industrial
Closing
Aug 20, 2019
AI
An industrial property located at 134 - 154 Morgan Avenue in East Williamsburg, Brooklyn was recently sold in a closed transaction. The property spans across 193,000 square feet and is situated in the East Williamsburg market.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $80,500,000
- Square Footage: 193,000
- Price per Square Foot: $417
- Address: 134 - 154 Morgan Avenue
- Market: East Williamsburg, Brooklyn
The seller of the property was Fred Carillo. The buyer, on the other hand, was Terreno Realty Group, represented by W. Blake Baird. The deal was facilitated by brokers Mathew Diana and Peter Derbar from DY Realty Group.
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93