Jason Davis Of Turnbridge Equities Buys Industrial Property In Bergen Beach, Brooklyn For $16.6M
2300 East 69th Street
$16,600,000
$151/SF
Building Size
109,838 SF
Asset Type
Industrial
Closing
Mar 4, 2024
AI
The industrial property located at 2300 East 69th Street in Bergen Beach, Brooklyn, was sold for $16,600,000. The asset spans 109,838 square feet, resulting in a price per square foot of $151.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,600,000
- Buyer: Jason Davis - Turnbridge Equities
- Seller: Peter Tully
- Broker: Mathew Diana - DY Realty Group
Mathew Diana and Peter Derbar of DY Realty Group represented both the buyer and the seller in this transaction. DY Realty Group, a specialist in the outer-borough industrial real estate market for over 40 years, facilitated the deal. For inquiries regarding selling, leasing a property, or joining the DY Realty team, contact Mat at 718-729-7474 x134 or [email protected].
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93