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

Property Image
SOLD
$1,270,000
Jackson O'Neill
Daniel (Dan) Lebor
Dan Marks
+ 1

New York

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Industrial2,500 SF
Sold 10/30/2024
the dealplayerscompscontact
Property Image
SOLD

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

142 Conover Street

See Similar Deals
Industrial2,500 SF
Sold 10/30/2024
Jackson O'Neill
Daniel (Dan) Lebor
Dan Marks
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$508
Total Square Footage:2,500 SF
Transaction Type:Sale

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

Daniel (Dan) Lebor
Terra CRG
Daniel Lebor
50 deals$986.7M volume
BROKER
Dan Marks
Terra CRG
Dan Marks
48 deals$904.6M volume
BROKER
Jackson O'Neill
Terra CRG
Jackson O'Neill
7 deals$48M volume
BROKER
Jake Rossein
Terra CRG
Jake Rossein
1 deal$1.3M volume(718) 489-8333
BROKER

Details

SOLD
IMAGE: Dan Marks, Daniel Lebor, Jackson O'Neill & Jake Rossein DATE: 10/30/2024 ADDRESS: 142 Conover Street MARKET: Brooklyn ASSET TYPE: Industrial SELLER: Megan Collins BROKERS: Dan Marks (@BrooklynDanny_TerraCRG), Daniel Lebor, Jackson O'Neill & Jake Rossein (n/a) - Terra CRG (@TerraCRG) SALE PRICE: $1,270,000 SF: 2,500 ~ PPSF: $508

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$67,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38