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19 Box Street

Jason Hiller Buys Industrial Property At 19-21 Box Street In Greenpoint For $2.225M
SOLDIndustrial

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

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:

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

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93