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FCA Acquires 24000 SF Property At 2505 Pitkin Ave Brooklyn For $5.5M With Seller's Reps Matthew Rosenzweig And Jim McGuckin

Property Image
SOLD
$5,500,000
Matthew (Matt) Rosenzweig
Jim McGuckin

New York

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Industrial24,000 SF
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Property Image
SOLD

FCA Acquires 24000 SF Property At 2505 Pitkin Ave Brooklyn For $5.5M With Seller's Reps Matthew Rosenzweig And Jim McGuckin

2505 Pitkin Ave, Brooklyn, NY, 11208

See Similar Deals
Industrial24,000 SF
Matthew (Matt) Rosenzweig
Jim McGuckin
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$229
Total Square Footage:24,000 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 2505 Pitkin Ave, Brooklyn, NY, 11208. The total transaction amount was $5,500,000.00, and the property encompasses a total square footage of 24,000. The market value is situated in Brooklyn.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $5,500,000.00
  • Address: 2505 Pitkin Ave, Brooklyn, NY, 11208
  • Square Footage: 24,000
  • Market: Brooklyn
  • Seller's Representative: Matthew "Matt" Rosenzweig - Marcus & Millichap, Jim McGuckin - Marcus & Millichap
  • Buyer: FCA

The key individuals involved in the transaction include the seller's representatives, Matthew "Matt" Rosenzweig and Jim McGuckin, both from Marcus & Millichap. The buyer identified in this transaction is FCA.

Players

Matthew (Matt) Rosenzweig
Marcus & Millichap
Matthew Rosenzweig
22 deals$135.9M volume
BROKER
Jim McGuckin
Marcus & Millichap
Jim McGuckin
6 deals$25M volume(201) 742-6150
BROKER
FCA
FCA
BUYER

Details

SOLD
IMAGE: 2505 Pitkin Ave, Brooklyn, NY, 11208 MARKET: Brooklyn SELLER'S REP: Matthew "Matt" Rosenzweig - Marcus & Millichap, Jim McGuckin - Marcus & Millichap BUYER: FCA SELLER: PRICE: $5,500,000.00 SF: 24000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
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