Ali Elatat & Alex Uyug Acquire Industrial Property In Sunset Park For $2.8M
SOLD
$2,800,000
New York
See Similar DealsIndustrial9,516 SF
Sold 11/22/2021
SOLD
Ali Elatat & Alex Uyug Acquire Industrial Property In Sunset Park For $2.8M
260 42nd Street, Sunset Park, Brooklyn, NY, USA
See Similar DealsIndustrial9,516 SF
Sold 11/22/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$294
Total Square Footage:9,516 SF
Transaction Type:Sale
Ali Elatat and Alex Uyug have purchased two industrial properties located at 260 42nd Street and 259 43rd Street in Sunset Park. The sale took place on November 22, 2021, for a total price of $2,800,000. The properties have a combined square footage of 19,032, with a price per square foot of $147.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Address: 260 42nd Street & 259 43rd Street
- Market: Sunset Park
- Zoning: M1-2
The buyer's representatives in this deal were Dan Marks, Daniel Lebor, and Adam Tannenbaum from the TerraCRG agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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