Updated Oct 29, 2024
Camber Property Group Acquires Industrial Building In East New York, Brooklyn From Legion Lighting For $6.9M
221 Glenmore Avenue Brooklyn, New York 11207, USA
$6,900,000
$239/SF
Building Size
28,830 SF
Asset Type
Industrial
Closing
Jul 26, 2023
About this deal
AI
An industrial building located at 221 Glenmore Avenue in East New York, Brooklyn has been sold for $6.9 million. The property has a building square footage (BSF) of 61,706 with a price per BSF (PPBSF) of $112. The total square footage (SF) of the property is 28,830 with a price per square foot (PPSF) of $239.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,900,000
- Address: 221 Glenmore Avenue
- Market: East New York, Brooklyn
The buyer, Camber Property Group, represented by Glenmore Owner LLC, acquired the industrial building from the seller, Legion Lighting, represented by Josh Realty Co., Inc. This deal was completed on the 26th of July, 2023.
Players
Brooklyn 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93