Updated Dec 19, 2023
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
About this deal
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.
On the Map
$4,150,000
$415/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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93