Charles Cara Acquires Industrial Property In Brooklyn For $22M
42 President Street, Brooklyn, New York 11231, United States
$22,000,000
$986/SF
Building Size
22,300 SF
Asset Type
Industrial
Closing
Jun 14, 2022
AI
The industrial property located at 42 President St. in Brooklyn has been sold for a price of $22,000,000. The property spans a total area of 22,300 square feet, resulting in a price per square foot of $986. The transaction took place on June 15, 2022, with Charles Cara as the buyer and Rachel Foster as the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,000,000
- Address: 42 President St.
- Market: Brooklyn
- Buyer: Charles Cara
- Seller: Rachel Foster
- Square Footage: 22,300
- Price per Square Foot: $986
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93