Updated Oct 29, 2024
JuiceFromTheRaw Acquires Industrial Property In Gravesend For $3.5M
2338 McDonald Avenue, Gravesend, Brooklyn, NY, USA
$3,500,000
$377/SF
Building Size
9,266 SF
Asset Type
Industrial
Closing
Dec 14, 2020
About this deal
AI
An industrial property located at 2338 McDonald Ave in Gravesend, with a total area of 9,266 square feet, was recently sold. The transaction took place on December 15, 2020, with a sale price of $3,500,000. The property is zoned as C8-1, making it suitable for industrial use. This transaction represents a price per square foot of $377.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Square Footage: 9,266
- Address: 2338 McDonald Ave
- Market: Gravesend
- Zoning: C8-1
The buyer in this transaction was Gil Galili, represented by @JuiceFromTheRaw. The seller was Robert Crescentini.
Players
New York 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93