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Fischer Family Acquires Industrial Property From Ermogenous Family In Brooklyn For $3.875M

Property Image
SOLD
$3,875,000
Bobby Lawrence
DJ Johnston

New York

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Industrial8,300 SF
Sold 07/10/2025
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Property Image
SOLD

Fischer Family Acquires Industrial Property From Ermogenous Family In Brooklyn For $3.875M

439 20th Street

See Similar Deals
Industrial8,300 SF
Sold 07/10/2025
Bobby Lawrence
DJ Johnston
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$466
Total Square Footage:8,300 SF
Transaction Type:Sale

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

Bobby Lawrence
Matthews
Bobby Lawrence
25 deals$80.7M volume(646) 933-2648
BROKER
DJ Johnston
Matthews
DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER
Matthews
Matthews
BROKERAGE

Details

SOLD
IMAGE: Bobby Lawrence & DJ Johnston DATE: 7/10/2025 ADDRESS: 439 20th Street MARKET: Brooklyn ASSET TYPE: Industrial BUYER: Fischer Family SELLER: Ermogenous Family BROKER: Bobby Lawrence (@BobbyLawrence_Matthews) & DJ Johnston (@DJ.Johnston_Matthews) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $3,875,000 SF: 8,300 ~ PPSF: $466 NOTE FROM BROKER: This brings us to over $12,500,000 in industrial and commercial property sold this year in Greenwood Heights alone, with another $8,000,000 currently in negotiations. If you’re looking to buy, sell, or lease a similar property, let’s connect. Bobby Lawrence (908) 616-5799 [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$206,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,767.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,369.48
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