Updated Dec 21, 2023
Lester Weiss Acquires Industrial Property In Williamsburg, Brooklyn For $13.5M
419 Vandervoort Avenue, Brooklyn, New York 11222, United States
$13,500,000
$308/SF
Building Size
43,800 SF
Asset Type
Industrial
Closing
Jan 18, 2022
About this deal
AI
The industrial property at 419 Vandervoort Ave in Williamsburg, Brooklyn has been sold for $13,500,000. The property has a building square footage (BSF) of 30,000 and a price per BSF of $450. The total square footage (SF) is 43,800, with a price per SF of $308. The lot size is 30,000, with dimensions of 300 ft x 100 ft. The property is zoned as M1-1 and falls under tax class 4. The transaction took place on January 19, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,500,000
- Address: 419 Vandervoort Ave, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Zoning: M1-1
- Buyer: Lester Weiss
- Seller: Lester Weiss
- Building Square Footage (BSF): 30,000
- Price per BSF: $450
- Total Square Footage (SF): 43,800
- Price per SF: $308
- Far: 1.46
- Tax Class: 4
- Lot Size: 30,000
- Permits: Alteration 2 (05/27/2011)
- Lot Dimensions: 300 ft x 100 ft
The buyer and seller in this transaction were both Lester Weiss. There is no additional information available about the individuals or companies involved.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93