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
$5,500,000
$229/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
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
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93