Jeff Jeppesen Acquires Industrial Property In Gowanus For $2.7M
SOLD
$2,700,000
+ 1
New York
See Similar DealsIndustrial4,230 SF
Sold 07/18/2022
SOLD
Jeff Jeppesen Acquires Industrial Property In Gowanus For $2.7M
16-18 Whitwell Place
See Similar DealsIndustrial4,230 SF
Sold 07/18/2022
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$638
Total Square Footage:4,230 SF
Transaction Type:Sale
The industrial property located at 16-18 Whitwell Pl. in Gowanus has been sold in a closed transaction. The property spans a total of 4,230 square feet and was sold at a price of $2,700,000, resulting in a price per square foot of $638.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Square Footage: 4,230
- Address: 16-18 Whitwell Pl.
- Market: Gowanus
The buyer in this transaction is Jeff Jeppesen, represented by Charlotte Sardet from SINVIN Real Estate. On the other hand, the sellers are Ben Smuk and Eddie Vays. They were represented by Matt Fotis and Zachary Cohen from Marcus & Millichap.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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