facebook
Traded Co logo
Submit
Daily limit: 0/10

Jacob Schwimmer Of 488 Broadway Realty LLC Acquires Industrial Building In Williamsburg For $4.2M

Property Image
SOLD
$4,200,000

New York

See Similar Deals
Industrial6,201 SF
Sold 05/09/2024
the dealdetailscomps
Property Image
SOLD

Jacob Schwimmer Of 488 Broadway Realty LLC Acquires Industrial Building In Williamsburg For $4.2M

488 Broadway

See Similar Deals
Industrial6,201 SF
Sold 05/09/2024

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$677
Total Square Footage:6,201 SF
Transaction Type:Sale

The industrial building at 488 Broadway in Williamsburg, Brooklyn was sold for $4.2 million. The property spans 6,201 square feet with a price per square foot of $677. The sale reflects a price per buildable square foot of $338. The transaction took place between Jacob Schwimmer's 488 Broadway Realty LLC and Thomas Makkos' Golden D Brand Meat Products Ltd.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,200,000
  • Address: 488 Broadway
  • Market: Williamsburg, Brooklyn
  • Buyer: Jacob Schwimmer
  • Seller: Thomas Makkos
  • Building Square Footage: 6,201

Jacob Schwimmer's 488 Broadway Realty LLC acquired the property from Thomas Makkos' Golden D Brand Meat Products Ltd. The deal represents a significant transaction in Williamsburg, Brooklyn, involving these key individuals and companies in the industrial real estate sector.

Details

SOLD
IMAGE: 05/09/2024 ADDRESS: 488 Broadway MARKET: Williamsburg, Brooklyn ASSET TYPE: Industrial BUYER: Jacob Schwimmer SELLER: Thomas Makkos SALE PRICE: $4,200,000 BSF: 12,432 ~ PPBSF: $338 SF: 6,201 ~ PPSF: $677 NOTE: Jacob Schwimmer's 488 Broadway Realty LLC purchased the industrial building at 488 Broadway in Williamsburg, Brooklyn, from Thomas Makkos' Golden D Brand Meat Products Ltd. for $4.2 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71