Updated Dec 4, 2024
Terra CRG Brokers Acquire East Williamsburg Commercial Property For $8M
25 Knickerbocker Avenue
$8,000,000
$628/SF
Building Size
12,720 SF
Asset Type
Industrial
Closing
Jan 16, 2024
About this deal
AI
The commercial property located at 25 Knickerbocker Avenue in East Williamsburg, Brooklyn has been sold for a total of $8,000,000. The property spans a total area of 12,720 square feet, resulting in a price per square foot of $629. The sale took place on January 16, 2024.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $8,000,000
- Square Footage: 12,720
- Price Per Square Foot: $629
- Address: 25 Knickerbocker Avenue
- Market: East Williamsburg, Brooklyn
The sale of this commercial property was facilitated by brokers Dan Marks, Daniel Lebor, and Jackson O'Neill from Terra CRG.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93