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30 East 98th Street, Brookl...

JLD Advisory Acquires Warehouse In Brooklyn For $3.2M
SOLDIndustrial

JLD Advisory Acquires Warehouse In Brooklyn For $3.2M

30 East 98th Street, Brooklyn, NY, USA

$3,200,000

$322/SF

Building Size

9,917 SF

Asset Type

Industrial

Closing

Jan 8, 2018

AI

The warehouse located at 30 E 98th Street in Brooklyn, New York was sold in a recent transaction. The property, owned by Jeffrey Zwick, was purchased by JLD Advisory for a price of $3,200,000. The property is situated in a prime location in the city of New York and offers great potential for various uses due to its warehouse designation.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $3,200,000
  • Address: 30 E 98th Street, Brooklyn, New York
  • Market: Brooklyn

In this transaction, the seller, Jeffrey Zwick, successfully sold the property to the buyer, JLD Advisory. The deal was facilitated by the brokerage services of Chaya Zarchi and Shoshana Tal of BHTAL Real Estate. Their expertise and negotiation skills played a crucial role in ensuring a smooth and successful transaction for both parties involved.

Players

Chaya Zarchi

Broker

$8.8M

vol

4 deals

Broker
JA
JLD AdvisoryBuyer

Jeffrey Zwick

Seller

$11.2M

vol

3 deals

Seller

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93