TerraCRG Brokers $10.2M Sale Of Industrial Property In Red Hook, Brooklyn
SOLD
$10,230,000
+ 1
New York
See Similar DealsIndustrial68,800 SF
Sold 06/27/2022
SOLD
TerraCRG Brokers $10.2M Sale Of Industrial Property In Red Hook, Brooklyn
202 Van Dyke Street, Brooklyn, New York 11231, United States
See Similar DealsIndustrial68,800 SF
Sold 06/27/2022
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$148
Total Square Footage:68,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$545,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,345.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,495.42
Annual Debt Service$581,945.03
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