facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

160 17th St, Brooklyn, NY 1...

Jay Schippers Acquires Industrial Property In Sunset Park For $6.7M
SOLDIndustrial

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

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.

Players

Jay Schippers

Buyer

$9.2M

vol

2 deals

Buyer

New York 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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93