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
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93