Updated Sep 5, 2024
Pomponio Family Acquires Industrial Property In Sunset Park, Brooklyn For $3.1M
4014 3rd Ave Brooklyn, NY 11232, USA
$3,100,000
$296/SF
Building Size
10,450 SF
Asset Type
Industrial
Closing
May 26, 2023
About this deal
AI
The industrial property located at 4014 3rd Avenue in Sunset Park, Brooklyn has been sold for a price of $3,100,000. The property spans across 10,450 square feet, resulting in a price per square foot of $297. The transaction took place on May 26, 2023, and involved the following parties:
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Address: 4014 3rd Avenue, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The buyer of the property is the Pomponio Family, while the seller is Bob Hemsing. Representing the buyer was John Brennan from Marcus & Millichap, along with the assistance of Robert Burnett. The sale of this industrial asset marks a significant transaction in the Sunset Park market.
On the Map
$3,100,000
$296/SF
Industrial
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Players
Brooklyn 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93