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Dobode Holdings LLC Acquires Industrial Property From Josh Usdan In Gowanus Brooklyn For $24M
SOLD
$24,000,000
New York
See Similar DealsIndustrial22,834 SF
Sold 12/10/2025
SOLD
Dobode Holdings LLC Acquires Industrial Property From Josh Usdan In Gowanus Brooklyn For $24M
261 Bond Street
See Similar DealsIndustrial22,834 SF
Sold 12/10/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,051
Total Square Footage:22,834 SF
Transaction Type:Sale
Dobode Holdings LLC purchased an industrial property located at 261 Bond Street in Gowanus, Brooklyn. The transaction was completed for a price of $24 million, with the property spanning a total of 22,834 square feet, resulting in a price per square foot of approximately $1,051.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Address: 261 Bond Street
- Market: Gowanus, Brooklyn
- Square Footage: 22,834
- Price per Square Foot: $1,051
- Buyer: Dobode Holdings LLC
- Seller: Josh Usdan
- Date of Transaction: December 10, 2025
This transaction involved Josh Usdan acting as the seller, while Dobode Holdings LLC was represented in the deal. The sale showcases the ongoing movement in the industrial real estate market within the Gowanus area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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