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185 Moore Street

Travis Feehan Purchases Industrial Property At 185 Moore Street Brooklyn For $4.7M From Mark Azerad
SOLDIndustrial

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

David Junik

Pinnacle Realty of New York

Broker

$651.4M

vol

23 deals

Broker

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