Updated Dec 21, 2023
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
New York 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93