Travis Feehan Purchases Industrial Property At 185 Moore Street Brooklyn For $4.7M From Mark Azerad
185 Moore Street
$4,700,000
$587/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Mar 13, 2025
AI
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.
Players
Brooklyn 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93