Fischer Family Acquires Industrial Property From Ermogenous Family In Brooklyn For $3.875M
439 20th Street
$3,875,000
$466/SF
Building Size
8,300 SF
Asset Type
Industrial
Closing
Jul 9, 2025
AI
The asset involved in this transaction is an industrial property located at 439 20th Street in Brooklyn. It has a sale price of $3,875,000 and covers a total of 8,300 square feet, resulting in a price per square foot of $466.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $3,875,000
- Buyer: Fischer Family
- Seller: Ermogenous Family
- Broker: Bobby Lawrence & DJ Johnston - Matthews Real Estate Investment Services
This transaction has contributed to over $12,500,000 in industrial and commercial property sold in Greenwood Heights this year, with an additional $8,000,000 currently in negotiations. Bobby Lawrence can be contacted at (908) 616-5799 or [email protected] for inquiries regarding similar properties.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93