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145 42nd Street

Giovanni Valerio Acquires Industrial Property From Joy Baskin In Brooklyn For $2.75M
SOLDIndustrial

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.

Players

Matthew Kaplon

Kaplon-Belo Real Estate

Broker

$23.3M

vol

6 deals

Broker

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