Giovanni Valerio Acquires Industrial Property From Joy Baskin In Brooklyn For $2.75M
145 42nd Street
$2,750,000
$423/SF
Building Size
6,500 SF
Asset Type
Industrial
Closing
Jun 14, 2026
AI
The property asset involved in the transaction is an industrial type located at 145 42nd Street in Brooklyn. The sale was completed for a total price of $2,750,000, encompassing a square footage of 6,500 and a price per square foot of $423.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Address: 145 42nd Street
- Market: Brooklyn
- Square Footage: 6,500
- Price Per Square Foot: $423
- Buyer: Giovanni Valerio
- Seller: Joy Baskin
- Broker: Matthew Kaplon - Kaplon-Belo Real Estate
This transaction was facilitated by broker Matthew Kaplon, representing the seller Joy Baskin. The buyer, Giovanni Valerio, successfully acquired the industrial asset as part of this closed property transaction.
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93