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.
On the Map
$2,250,000
$745/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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93