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
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