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5 Herkimer Place, Brooklyn,...

Updated Dec 21, 2023

Ornella Pisano Acquires Industrial Asset In Bedford-Stuyvesant For $2.6M
SOLDIndustrial

Ornella Pisano Acquires Industrial Asset In Bedford-Stuyvesant For $2.6M

5 Herkimer Place, Brooklyn, New York 11216, United States

$2,600,000

$400/SF

Building Size

6,500 SF

Asset Type

Industrial

Closing

Mar 21, 2022

About this deal

AI

A 6,500 square feet industrial property located at 5 Herkimer Pl. in Bedford-Stuyvesant was recently sold for $2,600,000. The property has been acquired by Ornella Pisano from the seller, Helene Weiner. The transaction was facilitated by brokers Jakub Nowak and Jason Grunberg from The Nowak Group, who represented both parties in the deal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Address: 5 Herkimer Pl.
  • Market: Bedford-Stuyvesant

Jakub Nowak and Jason Grunberg from The Nowak Group, who are affiliated with Marcus & Millichap, played a crucial role in the successful sale of the industrial property. Their expertise in dealing with NYC industrial and commercial properties made them the go-to team for this transaction.

To speak with Jakub Nowak and Jason Grunberg, the representatives of Marcus & Millichap versed in the unique challenges involved in the sale of NYC industrial and commercial property, feel free to contact them at the following numbers: Jakub Nowak – 718 475 4353, Jason Grunberg – 718 475 4390.

Players

Jason Grunberg

SAB Capital

Broker

$141.5M

vol

30 deals

Broker

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $400 per square foot on a published $2.6M for 6,500 square feet (2022).

Visit Jakub Nowak to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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