Shaun Gerrick Acquires Industrial Property In Brooklyn For $1.2M
SOLD
$1,200,000
New York
See Similar DealsIndustrial4,000 SF
Sold 04/26/2023
SOLD
Shaun Gerrick Acquires Industrial Property In Brooklyn For $1.2M
1400 Utica Avenue
See Similar DealsIndustrial4,000 SF
Sold 04/26/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$300
Total Square Footage:4,000 SF
Transaction Type:Sale
The industrial property located at 1400 Utica Avenue in Brooklyn has been sold. The property spans 4,000 square feet and was sold for a total price of $1,200,000, translating to a price per square foot of $300. The transaction took place on April 26, 2023.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 1400 Utica Avenue, Brooklyn
- Market: Brooklyn
Shaun Gerrick has purchased the property from Lillian Giacobbe. The sale was facilitated by Thomas Higgins of Douglas Elliman acting as the broker in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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