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142 Conover Street

Updated Dec 4, 2024

Megan Collins Sells Industrial Property At 142 Conover Street Brooklyn For $1.27M With Terra CRG
SOLDIndustrial

Megan Collins Sells Industrial Property At 142 Conover Street Brooklyn For $1.27M With Terra CRG

142 Conover Street

$1,270,000

$508/SF

Building Size

2,500 SF

Asset Type

Industrial

Closing

Oct 30, 2024

About this deal

AI

The asset involved in this transaction is an industrial property located at 142 Conover Street in Brooklyn. The sale was completed for a price of $1,270,000, covering a total area of 2,500 square feet, which equals a price per square foot of $508.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,270,000
  • Address: 142 Conover Street
  • Market: Brooklyn
  • Square Footage: 2,500
  • Price per Square Foot: $508
  • Seller: Megan Collins
  • Brokers: Dan Marks, Daniel Lebor, Jackson O'Neill & Jake Rossein - Terra CRG

The transaction involved representation by multiple brokers from Terra CRG, indicating a collaborative effort in the sale process of this industrial property. The team of Dan Marks, Daniel Lebor, Jackson O'Neill, and Jake Rossein played a crucial role in facilitating the engagement between the seller and potential buyers.

On the Map

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$1,270,000

$508/SF

Industrial

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Players

Daniel Lebor

Terra CRG

Broker

$1.1B

vol

56 deals

Broker
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Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $508 per square foot on a published $1.3M for 2,500 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.49%

Cash-on-Cash

-3.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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