Updated Dec 21, 2023
Betzalel Benny Solomon Acquires Industrial Property On McGuinness Boulevard In Greenpoint For $6.8M
394 McGuinness Blvd, Brooklyn, NY 11222, USA
$6,800,000
$323/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
May 3, 2020
About this deal
AI
The industrial property located at 394 McGuinness Boulevard in Greenpoint has been sold in a closed transaction. The property spans 21,000 square feet and was sold for a price of $6,800,000, resulting in a price per square foot of $323.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,800,000
- Address: 394 McGuinness Boulevard
- Market: Greenpoint
Betzalel “Benny” Solomon acted as the buyer in this transaction, while Jeffrey Sitomer was the seller.
The industrial sale at 394 McGuinness Blvd, Brooklyn, NY 11222, USA in New York, New York sold for $6.8M in 2020. The building is 21,000 square feet, implying about 323 per square foot on the published price. This page is the New York, New York file for the 394 McGuinness Blvd, Brooklyn, NY 11222, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near 394 McGuinness Blvd, Brooklyn, NY 11222, USA around 2020. Published consideration for 394 McGuinness Blvd, Brooklyn, NY 11222, USA is $6.8M, dated 2020. Cite this Betzalel Benny Solomon Acquires Industrial Property On McGuinness Boulevard In Greenpoint For $6.8M sale when underwriting similar industrial product around New York, New York.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93