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Moshe Silberstein And Etty Niederman Acquire Industrial Property In Williamsburg For $3.5M
SOLD
$3,500,000
New York
See Similar DealsIndustrial3,280 SF
Sold 09/05/2024
SOLD
Moshe Silberstein And Etty Niederman Acquire Industrial Property In Williamsburg For $3.5M
224 Keap Street
See Similar DealsIndustrial3,280 SF
Sold 09/05/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,067
Total Square Footage:3,280 SF
Transaction Type:Sale
An industrial property located at 224 Keap Street in Williamsburg, Brooklyn was sold for $3.5 million. The building encompasses three units and has a total square footage of 3,280, resulting in a price per square foot of $1,067.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Address: 224 Keap Street
- Market: Williamsburg, Brooklyn
- Square Feet: 3,280
- Price per Square Foot: $1,067
- Buyer: Moshe Silberstein & Etty Niederman
- Seller: Emanuel Leonorovits & Naftaly Leonorovits
- Buyer’s Company: 224 Keap LLC
The transaction involved Moshe Silberstein and Etty Niederman acquiring the property from Emanuel Leonorovits and Naftaly Leonorovits, representing a collaborative effort through their entity, 224 Keap LLC, in the real estate market of Brooklyn.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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