facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

400 Thatford Avenue, Browns...

David Steinberg Acquires Industrial Property In Brownsville, BK For $3.2M
SOLDIndustrial

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

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.

Players

Benjamin Efraimov

B6 Real Estate Advisors

Broker

$16.8M

vol

5 deals

Broker

David Steinberg

Buyer

$10.2M

vol

4 deals

Buyer

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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