Updated Oct 28, 2024
ABC CELL LLC Leases Industrial Space In Gravesend For $30/ft
250 Avenue W, Brooklyn, New York 11223, United States
$6,500,000
$866/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Dec 21, 2021
About this deal
AI
An industrial property located at 250 Avenue W in Gravesend has been leased. The property spans approximately 7,500 square feet and was leased by ABC CELL LLC. The landlord of the property is Shlomo BenDavid. The lease transaction was facilitated by Fredy Halabi and Avi Akiva from Tri State Commercial Realty. The asking rent for the property was $30 per square foot.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: Not mentioned
Fredy Halabi and Avi Akiva from Tri State Commercial Realty represented ABC CELL LLC in the lease deal at 250 Avenue W in Gravesend.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93