Daily limit: 0/10
Nochum Goldshmid Purchases Industrial Building In East New York Brooklyn For $8 Million
SOLD
$8,000,000
New York
See Similar DealsIndustrial27,500 SF
Sold 12/19/2024
SOLD
Nochum Goldshmid Purchases Industrial Building In East New York Brooklyn For $8 Million
386 Dewitt Avenue
See Similar DealsIndustrial27,500 SF
Sold 12/19/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$290
Total Square Footage:27,500 SF
Transaction Type:Sale
An industrial building located at 386 Dewitt Avenue in East New York, Brooklyn was involved in a transaction. The sale was completed at a price of $8,000,000, with a building size of 34,615 BSF and 27,500 SF, resulting in a price per BSF of $231 and a price per SF of $291.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Buyer: Nochum Goldshmid
- Seller: 400 Dewitt, LLC
- Market: East New York, Brooklyn
- Building Size: 34,615 BSF
- Square Footage: 27,500 SF
- Price per BSF: $231
- Price per SF: $291
Nochum Goldshmid purchased the property through 400 Dewitt Avenue LLC, acquiring it from 400 Dewitt, LLC. The transaction reflects activity in the East New York industrial market.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
Is there something missing? Send suggestions