Joseph Gluck Acquires Industrial Property In Gravesend, Brooklyn For $1.4M From Seller Jules Neuringer
2829 Cropsey Avenue, Brooklyn, New York 11214, United States
$1,437,625
$387/SF
Building Size
3,710 SF
Asset Type
Industrial
Closing
May 9, 2022
AI
The industrial property located at 2829 Cropsey Ave. in Gravesend, Brooklyn has been sold in a closed transaction. The property spans 3,710 square feet and was sold for a price of $1,437,625, resulting in a price per square foot of $387. The sale took place on 05/10/2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $1,437,625
- Square Footage: 3,710
- Address: 2829 Cropsey Ave.
- Market: Gravesend, Brooklyn
The buyer of the property is Joseph Gluck, while the seller was Jules Neuringer. The deal was facilitated by Jakub Nowak and Jonathan Codorniu, representatives from The Nowak Group, who are affiliated with Marcus & Millichap.
For more information about our expertise in handling office and industrial property sales in NYC, please contact Jakub Nowak at 718-475-4353 or Jonathan Codorniu at 718-475-4311.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.03%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93