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2829 Cropsey Avenue, Brookl...

Joseph Gluck Acquires Industrial Property In Gravesend, Brooklyn For $1.4M From Seller Jules Neuringer
SOLDIndustrial

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

Jakub Nowak

Marcus & Millichap

Broker

$471.9M

vol

87 deals

Broker

New York 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

11.03%

Cash-on-Cash

-3.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93