Updated Sep 18, 2026
Puppa Matzah Acquires Industrial Asset From Argentic Bank For $4.2M In South Slope
413 20th Street
$4,200,000
$252/SF
Building Size
16,649 SF
Asset Type
Industrial
Closing
Jul 10, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 413 20th Street in the South Slope market. The asset has a total square footage of 16,649 and was sold at an auction deal for $4,200,000, representing a price per square foot of $252. The asking price was listed at $8,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 413 20th Street
- Market: South Slope
- Square Footage: 16,649
- Price Per Square Foot: $252
- Asking Price: $8,000,000
- Buyer: Puppa Matzah
- Seller: Argentic Bank
- Brokers: Jack Sardar & Frederick Betesh - Tri State Commercial Realty
Key individuals involved in this transaction include the buyer, Puppa Matzah, and the seller, Argentic Bank. The deal was brokered by Jack Sardar and Frederick Betesh from Tri State Commercial Realty, who represented both parties in this transaction.
On the Map
$4,200,000
$252/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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93