Updated Oct 8, 2025
Marvin Rubin's Square 47 LLC Acquires Industrial Lot In Borough Park For $6M
1574 50th Street
$6,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 19, 2025
About this deal
AI
The industrial asset located at 1574 50th Street in Borough Park, Brooklyn, was sold for a price of $6,000,000. The property spans 12,169 buildable square feet, which results in a valuation of $493 per buildable square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 1574 50th Street
- Market: Borough Park, Brooklyn
- Buildable Square Feet: 12,169
- Price per Buildable Square Foot: $493
- Buyer: Marvin Rubin
- Entity: Square 47 LLC
- Sale Date: September 19, 2025
Marvin Rubin, representing Square 47 LLC, acquired the industrial lot at the specified address, finalizing the transaction on September 19, 2025.
Players
Brooklyn 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93