facebook
Traded Co logo
Submit

ErraCRG, He_Nowak_Group, And Thomas Cordasco Facilitate $3.7M Industrial Property Sale In Gowanus, Brooklyn

Property Image
SOLD
$3,748,500
Jake Torre
Daniel (Dan) Lebor
+ 3

New York

See Similar Deals
Industrial6,680 SF
Sold 06/10/2020
the dealplayerscompscontact
Property Image
SOLD

ErraCRG, He_Nowak_Group, And Thomas Cordasco Facilitate $3.7M Industrial Property Sale In Gowanus, Brooklyn

189 1st Street, Brooklyn, NY 11215

See Similar Deals
Industrial6,680 SF
Sold 06/10/2020
Jake Torre
Daniel (Dan) Lebor
+ 3
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$561
Total Square Footage:6,680 SF
Transaction Type:Sale

Located in Gowanus, Brooklyn, the industrial property at 189 1st Street recently changed hands in a closed transaction. The deal was facilitated by brokers Dan Marks, Daniel Lebor, Adam Tannenbaum from erraCRG, Jakub Nowak from The Nowak Group at Marcus & Millichap NY, and Thomas Cordasco. The transaction took place on June 10, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,748,500
  • Address: 189 1st Street, Gowanus, Brooklyn
  • Square Footage: 6,680
  • Price per Square Foot: $561

The property offers ample space for industrial activities with its 6,680 square feet area. The transaction price for the asset was $3,748,500, resulting in a price per square foot of $561. This indicates a fair market value for the property in Gowanus, Brooklyn.

A group of experienced brokers played a role in this successful sale. Dan Marks, Daniel Lebor, and Adam Tannenbaum from erraCRG, along with Jakub Nowak from The Nowak Group at Marcus & Millichap NY, and Thomas Cordasco, worked diligently to close the deal. Their combined expertise and knowledge in the real estate market were instrumental in facilitating this transaction.

Players

Adam Tannenbaum
7 deals$64.4M volume(718) 489-8333
BROKER

Daniel (Dan) Lebor
Terra CRG
50 deals$986.7M volume
BROKER

Dan Marks
Terra CRG
48 deals$904.6M volume
BROKER

Jake Torre
SAB Capital
21 deals$89.9M volume(646) 536-2032
BROKER

Jakub Nowak
Marcus & Millichap
87 deals$471.9M volume
BROKER

Details

SOLD
IMAGE: Daniel Lebor, Jakub Nowak, Dan Marks, Jake Torre & Adam Tannenbaum DATE: 06/10/2021 ADDRESS: 189 1st Street MARKET: Gowanus, Brooklyn ASSET TYPE: Industrial BROKERS: Dan Marks (@BrooklynDanny), Daniel Lebor (@DanielLebor), Adam Tannenbaum (@Adamross87) - @TerraCRG; Jakub Nowak (@Jakub_H_Nowak) & Jake Torre (@J_Torre38) - @The_Nowak_Group @MarcusMillichap_NY; Thomas Cordasco SALE PRICE: $3,748,500 SF: 6,680 ~ PPSF: $561

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,920.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,317.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,769.80
Annual Debt Service$213,237.63