Updated Oct 29, 2024
Liberty One Acquires Industrial Property In Williamsburg, Brooklyn For $11M
39 Ainslie St, Brooklyn, NY 11211, USA
$11,000,000
$54/SF
Building Size
202,000 SF
Asset Type
Industrial
Closing
Feb 20, 2020
About this deal
AI
The industrial property located at 39 Ainslie Street in Williamsburg, Brooklyn has been sold in a closed transaction. The property spans an area of 20,200 square feet, and was listed with an asking price of $11,900,000. The final sale price for the property was $11,000,000, resulting in a price per square foot of $545.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 39 Ainslie Street
- Market: Williamsburg, Brooklyn
- Square Footage: 20,200
The seller of the property was Brooklyn Standard, represented by Benji Kohn and David Manheimer. The buyer, Liberty One, was represented by JoJo Rabinowitz. The transaction was facilitated by the brokers Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, Winfield Clifford, and Patrick Madigan.
On the Map
$11,000,000
$54/SF
Industrial
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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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93