DAX Real Estate Acquires Industrial Property In Greenpoint Brooklyn For $12 Million
30 Franklin Street, 38 Franklin Street & 266 Banker Street
$7,750,000
$165/SF
Building Size
46,875 SF
Asset Type
Industrial
Closing
Dec 9, 2024
AI
The property asset involved in this transaction includes two addresses: 30-38 Franklin Street & 266 Banker Street, located in Greenpoint, Brooklyn. This industrial asset sold for a price of $12,000,000, encompassing a total square footage of 15,625, resulting in a price per square foot of $768.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 30-38 Franklin Street & 266 Banker Street
- Market: Greenpoint, Brooklyn
- Square Footage: 15,625
- Price per Square Foot: $768
- Buyer: DAX Real Estate
- Seller: Thomas D. Carini, Lisa A. Martins & Margaret E. Carini
- Broker: Bernadette Brennan & Kayla Lee (Kaylas_Lee) - Serhant
Key individuals involved in this transaction include DAX Real Estate as the buyer, and Thomas D. Carini, Lisa A. Martins, and Margaret E. Carini as the sellers. The transaction was facilitated by brokers Bernadette Brennan and Kayla Lee, representing the parties involved in this sale.
Players
Brooklyn 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93