Jason Hiller Buys Industrial Property At 19-21 Box Street In Greenpoint For $2.225M
SOLD
$2,250,000
+ 1
New York
See Similar DealsIndustrial3,020 SF
Sold 01/31/2025
SOLD
Jason Hiller Buys Industrial Property At 19-21 Box Street In Greenpoint For $2.225M
19 Box Street
See Similar DealsIndustrial3,020 SF
Sold 01/31/2025
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$745
Total Square Footage:3,020 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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