Travis Feehan Purchases Industrial Property At 185 Moore Street Brooklyn For $4.7M From Mark Azerad
SOLD
$4,700,000
New York
See Similar DealsIndustrial8,000 SF
Sold 03/13/2025
SOLD
Travis Feehan Purchases Industrial Property At 185 Moore Street Brooklyn For $4.7M From Mark Azerad
185 Moore Street
See Similar DealsIndustrial8,000 SF
Sold 03/13/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$587
Total Square Footage:8,000 SF
Transaction Type:Sale
The asset involved in this transaction is an industrial property located at 185 Moore Street in Brooklyn. The property was sold for a total of $4,700,000.00 and has a square footage of 8,000.0.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,700,000.00
- Address: 185 Moore Street
- Market: Brooklyn
- Buyer: Travis Feehan
- Seller: Mark Azerad
This transaction involved collaboration between Pinnacle Realty and Bungalow Projects for the purpose of expanding the footprint for a planned film and video production studio.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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