facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

4401 2nd Ave, Brooklyn, NY ...

William J. Segal Acquires Industrial Property In Brooklyn's Sunset Park For $30M
SOLDIndustrial

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

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

Jacob Beer

Broker

$30M

vol

1 deal

Broker

William J. Segal

Buyer

$35.9M

vol

2 deals

Buyer

New York 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93