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
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.
Players
Brooklyn 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93