Updated Feb 5, 2025
Jason Hiller Buys Industrial Property At 19-21 Box Street In Greenpoint For $2.225M
19 Box Street
$2,250,000
$745/SF
Building Size
3,020 SF
Asset Type
Industrial
Closing
Jan 31, 2025
About this deal
AI
The industrial asset located at 19-21 Box Street in the Greenpoint market has been sold for $2,225,000. The property spans a total of 3,020 square feet, resulting in a price per square foot of $737.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,225,000
- Address: 19-21 Box Street
- Market: Greenpoint
- Buyer: Jason Hiller
- Seller: Harold Block
- Brokers: Harry James, Daniel O'Brien, Caroline Hodes & Eric Roth - Newmark
The brokerage team representing the involved parties includes Harry James, Daniel O'Brien, Caroline Hodes, and Eric Roth from Newmark, showcasing expertise in the transaction process.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93