Martin Fink Acquires Industrial Property In Farragut, Brooklyn For $5.2M
4420 Farragut Road
$5,200,000
$200/SF
Building Size
26,000 SF
Asset Type
Industrial
Closing
Aug 2, 2023
AI
An industrial property located at 4420 Farragut Road in Farragut, Brooklyn has recently been sold for a total price of $5,200,000. This property spans over an area of 26,000 square feet, resulting in a price per square foot of $200. The sale took place on 08/02/2023, with Matthew Peters of Marcus & Millichap serving as the broker in the transaction. The buyer of the property was Martin Fink, while the seller was Gary Rosen, Esq. of Rosen Law LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,200,000
- Square Footage: 26,000
- Price per Square Foot: $200
- Address: 4420 Farragut Road, Farragut, Brooklyn
- Market: Farragut, Brooklyn
- Buyer: Martin Fink
- Seller: Gary Rosen, Esq. - Rosen Law LLC
- Broker: Matthew Peters - Marcus & Millichap
In this deal, Matthew Peters from Marcus & Millichap represented the buyer, Martin Fink, while Gary Rosen, Esq. of Rosen Law LLC acted as the seller. The transaction showcases the involvement of key individuals and companies in the successful sale of the industrial property.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93