Updated Dec 20, 2023
Jay Schippers Acquires Industrial Property In Sunset Park For $6.7M
160 17th St, Brooklyn, NY 11215, USA
$6,700,000
$726/SF
Building Size
9,224 SF
Asset Type
Industrial
Closing
Jul 8, 2020
About this deal
AI
Located in Sunset Park, the industrial property at 160 17th Street recently changed hands in a closed transaction. The property spans approximately 9,224 square feet and was sold for a total price of $6,700,000. With a price per square foot of $726, the building offers a total buildable square footage of 13,870.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,700,000
- Address: 160 17th Street
- Market: Sunset Park
- Square Footage: 9,224
- Price per Square Foot: $726
- Total Buildable Square Footage: 13,870
The buyer in this transaction is Jay Schippers, while the seller is Louis V. Greco Jr.
On the Map
$6,700,000
$726/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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93