Bushwack Capital Acquires Industrial Property In Williamsburg For $14M
154 Scott Avenue, East Williamsburg, Brooklyn, NY, USA
$14,000,000
$140/SF
Building Size
99,700 SF
Asset Type
Industrial
Closing
May 3, 2020
AI
The industrial property located at 154 Scott Avenue in Williamsburg has been sold in a transaction that took place on May 3, 2021. The property, spanning a total of 99,700 square feet, was sold for a price of $14,000,000, resulting in a price per square foot of $140. The previous sale of the property occurred in May 2018 for a price of $10,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,000,000
- Address: 154 Scott Avenue
- Market: Williamsburg
- Square Footage: 99,700
- Price per Square Foot: $140
- Last Sale: $10,000,000 (5/2018)
The buyer of the property is Bushwack Capital, represented by Dawson Stellberger. The seller is Lai Tin Yam. The transaction involved a loan from Citi Group in the amount of $22,000,000.
Brooklyn 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93