ABC CELL LLC Leases Industrial Space In Gravesend For $30/ft
SOLD
$6,500,000
New York
See Similar DealsIndustrial7,500 SF
Sold 12/22/2021
SOLD
ABC CELL LLC Leases Industrial Space In Gravesend For $30/ft
250 Avenue W, Brooklyn, New York 11223, United States
See Similar DealsIndustrial7,500 SF
Sold 12/22/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$866
Total Square Footage:7,500 SF
Transaction Type:Sale
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
TENANT
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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