Mark Koplowitz Purchases Industrial Property In Brooklyn From Paul Rosen For $1.77M
SOLD
$1,770,000
New York
See Similar DealsIndustrial5,840 SF
Sold 04/10/2024
SOLD
Mark Koplowitz Purchases Industrial Property In Brooklyn From Paul Rosen For $1.77M
1462 Schenectady Avenue
See Similar DealsIndustrial5,840 SF
Sold 04/10/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$303
Total Square Footage:5,840 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,288.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,390.70
Annual Debt Service$100,688.44
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