Updated Dec 4, 2024
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
About this deal
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