Dionicio Estevez Acquires Industrial Property In East Williamsburg, Brooklyn For $7.1M
306 Stagg Street & 316 Stagg Street
$7,100,000
$236/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Sep 29, 2023
AI
Located in East Williamsburg, Brooklyn, the industrial property at 306-316 Stagg Street has been sold in a transaction facilitated by B6 Real Estate Advisors. The property spans approximately 15,000 square feet and was sold for a total price of $7,100,000, resulting in a price per square foot of $473.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $7,100,000
- Address: 306-316 Stagg Street, East Williamsburg, Brooklyn
- Market: East Williamsburg, Brooklyn
The buyer of the property is Dionicio Estevez, while the seller is Jeffrey Schissel. The transaction was handled by Aaron Birns, Mark Lively, Bryan Kirk, Noah Goldstein, Jay Li, and Andy Chen, who are brokers from B6 Real Estate Advisors. Their expertise and guidance played a crucial role in ensuring a successful sale.
Players
Brooklyn 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93