Updated Oct 29, 2024
Realterm Logistics Acquires Industrial Property In Brooklyn For $28M
209 Gardner Ave, Brooklyn, NY 11211, USA
$28,000,000
$555/SF
Building Size
50,420 SF
Asset Type
Industrial
Closing
Nov 5, 2020
About this deal
AI
A industrial property located at 209 Gardner Avenue in Brooklyn has been sold for a price of $28,000,000. The property has a building square footage (BSF) of 100,840 and a price per BSF (PPBSF) of $277. It also has a total square footage (SF) of 50,420 with a price per SF (PPSF) of $555. The property is zoned as M3-1, making it suitable for industrial use in the area.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Address: 209 Gardner Avenue, Brooklyn
- Market: Brooklyn
- Zoning: M3-1
- Building Square Footage (BSF): 100,840
- Price per BSF (PPBSF): $277
- Total Square Footage (SF): 50,420
- Price per SF (PPSF): $555
The buyer in this transaction is Realterm Logistics, represented by Robert Fordi. The seller is Manya Operating, also known as Kalex Chemical Products.
On the Map
$28,000,000
$555/SF
Industrial
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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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93