Jeno Gelb & Eli Gelb Acquire Industrial Property On 15 Grand Avenue, Clinton Hill, Brooklyn For $8.6M
15 Grand Avenue, Clinton Hill, Brooklyn, NY, USA
$8,600,000
$468/SF
Building Size
18,366 SF
Asset Type
Industrial
Closing
May 24, 2020
AI
Located at 15 Grand Avenue in Clinton Hill, Brooklyn, this industrial property recently changed hands in a sale transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $8,600,000
- Buyer: Jeno Gelb & Eli Gelb
- Seller: Hans Georg Nader
- Sale Date: 05/24/2021
- Broker: Matthew Kaplon - Kaplon-Belo
- Market: Clinton Hill, Brooklyn
The property features a total buildable square footage of 45,348, with a price per buildable square foot of $189. The existing structure covers an area of 18,366 square feet, resulting in a price per square foot of $468. The lot size measures 235 feet by 104 feet.
This transaction was facilitated by Matthew Kaplon of Kaplon-Belo, serving as the broker for both the buyer, Jeno Gelb & Eli Gelb, and the seller, Hans Georg Nader.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93