Updated Dec 20, 2023
Seymour Dayan Acquires Industrial Property In Gravesend, Brooklyn For $8.6M
2004 McDonald Avenue, Gravesend, Brooklyn, NY, USA
$8,600,000
$353/SF
Building Size
24,300 SF
Asset Type
Industrial
Closing
Nov 23, 2021
About this deal
AI
The industrial property located at 2004 Mcdonald Avenue in Gravesend, Brooklyn has been sold for a price of $8,600,000. The property has a building square footage (BSF) of 12,000, with a price per BSF (PPBSF) of $717. The total lot size is 12,000 square feet, and the lot dimensions are 163.42 ft x 75 ft. The property is zoned as M1-1.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,600,000
- Address: 2004 Mcdonald Avenue, Gravesend, Brooklyn
- Market: Gravesend, Brooklyn
The buyer of the property is Seymour Dayan, and the seller is Oren Goldhaber. The sale occurred on November 24, 2021. The square footage of the property is 24,300, with a price per square foot (PPSF) of $354. The property has a floor area ratio (FAR) of 2.03 and is classified under tax class 4. The last recorded sale of the property was on August 25, 2011, for a price of $3,100,000.
Players
New York 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93