Updated Oct 29, 2024
William J. Segal Acquires Industrial Property In Brooklyn's Sunset Park For $30M
4401 2nd Ave, Brooklyn, NY 11232, USA
$30,000,000
$300/SF
Building Size
100,000 SF
Asset Type
Industrial
Closing
Jun 13, 2019
About this deal
AI
An industrial property located at 4401 2nd Avenue, 222 44th Street in Brooklyn's Sunset Park neighborhood has been sold. The property, spanning 100,000 square feet, was listed with an asking price of $36,000,000. It was eventually sold for $30,000,000, resulting in a price per square foot of $100.
Summary of transaction details
- Property Type: Industrial
- Asking Price: $36,000,000
- Sale Price: $30,000,000
- Square Footage: 100,000
- Price per Square Foot: $100
- Market: Brooklyn, Sunset Park
William J. Segal is the buyer of the property. The seller is Mesorah Publications - Zlotowitz Family. The sale was facilitated by brokers Jacob Beer and Guy Solomonov, representing the respective parties 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93