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171 Morgan Avenue, Brooklyn...

Bruce Engel Sells Industrial Property In Brooklyn For $4.15M With Brokers Jakub Nowak, Jason Moskowitz & Jason Grunberg
SOLDIndustrial

Bruce Engel Sells Industrial Property In Brooklyn For $4.15M With Brokers Jakub Nowak, Jason Moskowitz & Jason Grunberg

171 Morgan Avenue, Brooklyn, NY, USA

$4,150,000

$415/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

May 4, 2021

AI

The industrial property located at 171 Morgan Avenue in Brooklyn has been sold. The sale took place on May 5, 2021. The property spans approximately 10,000 square feet with a price per square foot of $415. The total sale price for the property was $4,150,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,150,000
  • Address: 171 Morgan Avenue, Brooklyn
  • Market: Brooklyn

The seller of the property was Bruce Engel. The transaction was facilitated by Jakub Nowak, Jason Moskowitz, and Jason Grunberg from The_Nowak_Group at arcusMillichap_NY.

For more information about the market or to get a confidential valuation of your property or portfolio, you can contact Jakub Nowak at 718-475-4353, Jason Moskowitz at 718-475-4387, or Jason Grunberg at 718-475-4390.

Players

Jason Grunberg

SAB Capital

Broker

$131.9M

vol

27 deals

Broker

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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93