Updated Mar 11, 2025
Fortress Investment Group Acquires Industrial Property In East Williamsburg For $25.5M
215 Moore Street
$25,500,000
Building Size
—
Asset Type
Industrial
Closing
Oct 13, 2023
About this deal
AI
The Bushwick hotel site at 215 Moore St., Brooklyn, located in East Williamsburg, has been sold in a foreclosure sale for $25.5 million. The industrial property was purchased by Pete Briger, representing Fortress Investment Group, from Jeffrey Miller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,500,000
- Address: 215 Moore Street
- Market: East Williamsburg
Pete Briger, from Fortress Investment Group, served as the buyer in this transaction. On the other hand, Jeffrey Miller acted as the seller. The sale represents a significant deal in the East Williamsburg market.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Brooklyn industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93