Updated Sep 5, 2024
David Steinberg Acquires Industrial Property In Brownsville, BK For $3.2M
400 Thatford Avenue, Brownsville, Brooklyn, NY, USA
$3,200,000
$160/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Jan 30, 2019
About this deal
AI
A 20,000 square foot industrial property located at 400 Thatford Ave. in Brownsville, BK has recently been sold for $3.2 million. The property was purchased at a rate of $160 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3.2 million
- Address: 400 Thatford Ave.
- Market: Brownsville, BK
The seller of the property is the Baruch Family, while the buyer is David Steinberg. The deal was facilitated by brokers DJ Johnston and Ben Efraimov from B6RealEstate.
The industrial sale at 400 Thatford Avenue, Brownsville, Brooklyn, NY, USA in Brooklyn, New York sold for $3.2M in 2019. The building is 20,000 square feet, implying about 160 per square foot on the published price. DJ Johnston, Benjamin "Ben" Efraimov, David Steinberg, Matthews appear on the sale alongside Matthews, B6 Real Estate Advisors. This page is the Brooklyn, New York file for the 400 Thatford Avenue, Brownsville, Brooklyn, NY, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn industrial set by closing date to see what else sold near 400 Thatford Avenue, Brownsville, Brooklyn, NY, USA around 2019. Published consideration for 400 Thatford Avenue, Brownsville, Brooklyn, NY, USA is $3.2M, dated 2019. Cite this David Steinberg Acquires Industrial Property In Brownsville, BK For $3.2M sale when underwriting similar industrial product around Brooklyn, New York.
On the Map
$3,200,000
$160/SF
Industrial
View full map
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit DJ Johnston to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93