Updated Sep 9, 2024
Shu Qiu Acquires Industrial Type Property In Brooklyn, Sunset Park For $1.075M
4116 3rd Ave, Brooklyn, NY 11232, USA
$1,075,000
$37/SF
Building Size
28,610 SF
Asset Type
Industrial
Closing
Jun 11, 2019
About this deal
AI
The industrial property located at 4116 3rd Ave in Brooklyn's Sunset Park neighborhood has been sold in a closed transaction. The property spans 2,861 square feet and was listed with an asking price of $1,100,000. The final sale price for the property was $1,075,000, resulting in a price per square foot of $375.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,075,000
- Address: 4116 3rd Ave, Brooklyn, Sunset Park
- Market: Brooklyn, Sunset Park
The seller of the property was George Maturi, while the buyer was Shu Qiu. The transaction was facilitated by brokers Jake Torre and Jakub Nowak from Marcus & Millichap.
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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93