Updated Sep 9, 2024
Jeff Jeppesen Acquires Industrial Property In Gowanus For $2.7M
16-18 Whitwell Place
$2,700,000
$638/SF
Building Size
4,230 SF
Asset Type
Industrial
Closing
Jul 18, 2022
About this deal
AI
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.
On the Map
$2,700,000
$638/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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93