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180 Maspeth Ave, Brooklyn, ...

Rocco Tomassetti Purchases Brooklyn Industrial Property For $4.55M
SOLDIndustrial

Rocco Tomassetti Purchases Brooklyn Industrial Property For $4.55M

180 Maspeth Ave, Brooklyn, NY 11211, USA

$4,550,000

$45/SF

Building Size

100,000 SF

Asset Type

Industrial

Closing

Sep 22, 2020

AI

The industrial property located at 180 Maspeth Avenue in Brooklyn has been sold for a price of $4,550,000. The property spans across 10,000 square feet, resulting in a price per square foot of $455. The transaction took place on 09/23/2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,550,000
  • Address: 180 Maspeth Avenue, Brooklyn
  • Market: Brooklyn

Rocco Tomassetti has acquired the property from The Perna Family. Matthew Kaplon of Kaplon Belo represented both the buyer, Rocco Tomassetti, and the seller, The Perna Family, in this transaction.

Players

Matthew Kaplon

Kaplon-Belo Real Estate

Broker

$23.3M

vol

6 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

3.49%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93