Updated Dec 21, 2023
Vadem Brodsky Acquires Industrial Properties In Brooklyn Heights From Howard Brickner For $8.17M
295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA
$8,170,000
Building Size
—
Asset Type
Industrial
Closing
Jun 20, 2021
About this deal
AI
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.
The industrial sale at 295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA in New York, New York sold for $8.2M in 2021. 295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA is classified as Industrial on Traded. Named participants on the 295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA sale are Howard Brickner, Vadem Brodsky. This page is the New York, New York file for the 295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near 295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA around 2021. Published consideration for 295 Hicks Street, Brooklyn Heights, Brooklyn, NY, USA is $8.2M, dated 2021. Cite this Vadem Brodsky Acquires Industrial Properties In Brooklyn Heights From Howard Brickner For $8.17M sale when underwriting similar industrial product around New York, New York.
On the Map
$8,170,000
Industrial
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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
1.94%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93