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1481 Mcdonald Avenue, Brook...

Updated Sep 5, 2024

Rubin Family Buys Industrial Property In Midwood For $2.9M
SOLDIndustrial

Rubin Family Buys Industrial Property In Midwood For $2.9M

1481 Mcdonald Avenue, Brooklyn, New York 11230, United States

$2,900,000

$416/SF

Building Size

6,956 SF

Asset Type

Industrial

Closing

Apr 13, 2022

About this deal

AI

The property involved in this transaction is a 6,956 square foot two-story warehouse located at 1481 McDonald Avenue in Midwood. The industrial asset was sold for $2,900,000, resulting in a price per square foot of $416. The property was delivered vacant and unrenovated, and it was purchased by a user. This sale marks the third industrial transaction on McDonald Avenue in the last 5 months, totaling nearly $20M in sales.

Summary of transaction details:

Bobby Lawrence and Jermaine Pugh, representing B6 Real Estate Advisors, successfully sold the warehouse. For more information about the industrial market in Brooklyn, feel free to contact Bobby Lawrence at (646) 933-2648 or [email protected], and Jermaine Pugh at (646) 933-2633 or [email protected].

On the Map

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$2,900,000

$416/SF

Industrial

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Players

Bobby Lawrence

Matthews

Broker

$88.9M

vol

29 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Rubin Family

Buyer

$10.3M

vol

2 deals

Buyer
Bilt advertisement

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $416 per square foot on a published $2.9M for 6,956 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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