Robert Finnerty Brokered the Sale of an Industrial Property in Brooklyn for $1.325 million
194 Schenck Avenue
$1,325,000
$265/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
May 7, 2025
AI
The property asset involved in this transaction is an industrial asset located at 194 Schenck Avenue in Brooklyn. The sale was recorded at a price of $1,325,000 for an area encompassing 5,000 square feet, resulting in a price per square foot of $265.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,325,000
- Address: 194 Schenck Avenue
- Market: Brooklyn
- Square Footage: 5,000
- Price per Square Foot: $265
- Seller: Matt Moore
- Broker: Robert Finnerty - Findor
Robert Finnerty from Findor acted as the broker for this transaction, representing the seller, Matt Moore. For those interested in sourcing warehouse or commercial properties for business or investment needs, Robert Finnerty can be contacted at 732-856-7386 or via email at Rob@findor.org.
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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93