Updated Feb 25, 2026
Estate Of Mardig Kachian Sells Industrial Property At 170 2nd Avenue Brooklyn For $5.76M
170 2nd Avenue
$5,760,000
$412/SF
Building Size
13,968 SF
Asset Type
Industrial
Closing
Sep 25, 2024
About this deal
AI
The property asset involved in this transaction is an industrial building located at 170 2nd Avenue, Brooklyn. The sale price of the asset was $5,760,000, covering a total area of 13,968 square feet, resulting in a price per square foot of $412.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,760,000
- Address: 170 2nd Avenue
- Market: Brooklyn
- Seller: Estate of Mardig Kachian
- Buyer's Representative: Nathan Horne
- Seller's Representatives: Paul Massey - B6 Real Estate Advisors & Bobby Lawrence - Matthews Real Estate Investment Services
- Square Footage: 13,968
- Price Per Square Foot: $412
The key individuals involved in this transaction include Nathan Horne, representing the buyer, and Paul Massey along with Bobby Lawrence representing the seller. This transaction reflects the collaboration of multiple real estate professionals, highlighting their roles in facilitating this sale.
On the Map
$5,760,000
$412/SF
Industrial
View full map
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Paul Massey to view all their deals.
Browse Brooklyn industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93