Vadem Brodsky Acquires Industrial Properties In Brooklyn Heights From Howard Brickner For $8.17M
SOLD
New York
See Similar DealsIndustrial
Sold 06/21/2021
SOLD
Vadem Brodsky Acquires Industrial Properties In Brooklyn Heights From Howard Brickner For $8.17M
295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA
See Similar DealsIndustrial
Sold 06/21/2021
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 295 Hicks Street and 297 Hicks Street in Brooklyn Heights has been sold. The property was purchased by Vadem Brodsky from Howard Brickner for a total sale price of $8,170,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,170,000
- Address: 295 Hicks Street, 297 Hicks Street
- Market: Brooklyn Heights
Vadem Brodsky acted as the buyer in this transaction, while Howard Brickner represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$435,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,026.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,729.97
Annual Debt Service$464,759.62
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