Updated Sep 9, 2024
ErraCRG, He_Nowak_Group, And Thomas Cordasco Facilitate $3.7M Industrial Property Sale In Gowanus, Brooklyn
189 1st Street, Brooklyn, NY 11215
$3,748,500
$561/SF
Building Size
6,680 SF
Asset Type
Industrial
Closing
Jun 10, 2020
About this deal
AI
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.
On the Map
$3,748,500
$561/SF
Industrial
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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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93