SOLDIndustrial
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
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.
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
1.94%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93