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
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