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202 Van Dyke Street, Brookl...

TerraCRG Brokers $10.2M Sale Of Industrial Property In Red Hook, Brooklyn
SOLDIndustrial

TerraCRG Brokers $10.2M Sale Of Industrial Property In Red Hook, Brooklyn

202 Van Dyke Street, Brooklyn, New York 11231, United States

$10,230,000

$148/SF

Building Size

68,800 SF

Asset Type

Industrial

Closing

Jun 26, 2022

AI

An industrial property located at 202 Van Dyke St. in Red Hook, Brooklyn has been sold. The transaction took place on June 27, 2022. The property, spanning 68,800 square feet, was sold for a total price of $10,230,000, resulting in a price per square foot of $148.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $10,230,000
  • Square Footage: 68,800
  • Address: 202 Van Dyke St.
  • Market: Red Hook, Brooklyn

The sale of this industrial property was facilitated by brokers Ofer Cohen, Dan Marks, Daniel Lebor, and Jackson O'Neill from TerraCRG.

Players

Daniel Lebor

Terra CRG

Broker

$986.7M

vol

50 deals

Broker

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

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93