Updated Dec 19, 2023
Zu Fei Weng Acquires Industrial Condo In East Williamsburg, Brooklyn For $6M
137 Gardner Avenue, Brooklyn, New York 11237, United States
$6,000,000
$496/SF
Building Size
12,094 SF
Asset Type
Industrial
Closing
Sep 14, 2022
About this deal
AI
Located at 137 Gardner Avenue in the East Williamsburg neighborhood of Brooklyn, this industrial condo was recently sold in a closed transaction. The sale took place on September 15, 2022, with Zu Fei Weng as the buyer and Kyle Minarsky as the seller.
Summary of transation details
- Property Type: Industrial condo
- Sale Price: $6,000,000
- Units: 2
- Price per Unit: $3,000,000
- Square Footage: 12,094
- Price per Square Foot: $496
- Address: 137 Gardner Avenue, East Williamsburg, Brooklyn
During the transaction, Zu Fei Weng was represented by their broker, as well as Kyle Minarsky. The deal for this industrial condo involved a multi-million dollar sale, making it a significant transaction in the East Williamsburg market.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
About $496 per square foot on a published $6M for 12,094 square feet (2022).
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93