Updated Dec 18, 2023
Ali Elatat & Alex Uyug Acquire Industrial Property In Sunset Park For $2.8M
260 42nd Street, Sunset Park, Brooklyn, NY, USA
$2,800,000
$294/SF
Building Size
9,516 SF
Asset Type
Industrial
Closing
Nov 22, 2021
About this deal
AI
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.
On the Map
$2,800,000
$294/SF
Industrial
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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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93