Mark Koplowitz Purchases Industrial Property In Brooklyn From Paul Rosen For $1.77M
1462 Schenectady Avenue
$1,770,000
$303/SF
Building Size
5,840 SF
Asset Type
Industrial
Closing
Apr 10, 2024
AI
The industrial property located at 1462 Schenectady Avenue in Brooklyn was sold for $1,770,000. The building spans 5,840 square feet, resulting in a price per square foot of $303.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,770,000
- Address: 1462 Schenectady Avenue
- Market: Brooklyn
- Buyer: Mark Koplowitz
- Seller: Paul Rosen
- Brokers: Dan Marks, Daniel Lebor & Anthony Pasquarella - TerraCRG
The transaction involved Mark Koplowitz as the buyer and Paul Rosen as the seller. The deal was facilitated by brokers Dan Marks, Daniel Lebor, and Anthony Pasquarella from TerraCRG.
Players
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
8.96%
Cash-on-Cash
-2.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93