Updated Oct 28, 2024
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
About this deal
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.
On the Map
$3,585,000
$178/SF
Industrial
View full map
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Gina Argento to view all their deals.
Browse New York industrial sales on Traded.
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