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259 Monitor Street, Brookly...

Broadway Stages Acquires Industrial Property In Greenpoint For $3.6M
SOLDIndustrial

Broadway Stages Acquires Industrial Property In Greenpoint For $3.6M

259 Monitor Street, Brooklyn, New York 11222, United States

$3,585,000

$178/SF

Building Size

20,113 SF

Asset Type

Industrial

Closing

Aug 21, 2022

AI

Gina Argento has recently closed a transaction for an industrial property in Greenpoint. The property, located at 259 Monitor Street, spans across 20,113 square feet and was sold for a price of $3,585,000. With a price per square foot of $178, this transaction showcases the value of this industrial asset in the Greenpoint market.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $3,585,000
  • Address: 259 Monitor Street
  • Market: Greenpoint

Broadway Stages, represented by Gina Argento, acted as the buyer in this transaction. The seller was Lai Chung Yam. With this deal, Gina Argento has demonstrated her expertise in facilitating industrial property transactions in the Greenpoint market.

Players

Gina Argento

Broadway Stages

Buyer

$87.4M

vol

8 deals

Buyer

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

4.42%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93