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
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.
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