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39 Ainslie St, Brooklyn, NY...

Liberty One Acquires Industrial Property In Williamsburg, Brooklyn For $11M
SOLDIndustrial

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

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.

Players

Brendan Maddigan

JLL

Broker

$4.9B

vol

132 deals

Broker
BS
Brooklyn StandardSeller

Benji Kohn

Brooklyn Standard

Seller

$15.1M

vol

2 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93