Updated Oct 27, 2025
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
About this deal
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.
On the Map
$8,600,000
$468/SF
Industrial
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Players
New York 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93