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4420 Farragut Road

Martin Fink Acquires Industrial Property In Farragut, Brooklyn For $5.2M
SOLDIndustrial

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

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

Gary Rosen

Seller

$33.4M

vol

12 deals

Seller

Brooklyn 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93