Updated Dec 20, 2023
Boruch Weiss Acquires East Williamsburg Industrial Property For $7M
223 Cook Street, Brooklyn, New York 11206, United States
$7,000,000
$411,764/SF
Building Size
17 SF
Asset Type
Industrial
Closing
Jul 12, 2022
About this deal
AI
An industrial property in East Williamsburg, Brooklyn has been sold for a price of $7,000,000. The property, located at 223, 225, and 229 Cook Street, spans 20,000 square feet with a price per square foot of $350. The total square footage of the property is 17,995, with a price per square foot of $389.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 223, 225, and 229 Cook Street, East Williamsburg, Brooklyn
- Total Square Footage: 20,000
- Price per Square Foot: $350
The buyer of the property is Boruch Weiss, while the seller is Shiya Labin. They were represented by their respective brokers in the deal. Further details about the individuals and companies involved are not available.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93