Broadway Stages Acquires Industrial Property In Greenpoint For $3.6M
SOLD
$3,585,000
New York
See Similar DealsIndustrial20,113 SF
Sold 08/22/2022
SOLD
Broadway Stages Acquires Industrial Property In Greenpoint For $3.6M
259 Monitor Street, Brooklyn, New York 11222, United States
See Similar DealsIndustrial20,113 SF
Sold 08/22/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:20,113 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$191,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,736.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,994.73
Annual Debt Service$203,936.75
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