Updated Oct 29, 2024
Sabharwal Properties Acquires Industrial Property In Brownsville For $8.5M
507 Osborn St, Brooklyn, NY 11212, USA
$8,500,000
$155/SF
Building Size
54,838 SF
Asset Type
Industrial
Closing
Jul 24, 2018
About this deal
AI
Located at 507 Osborn Street in the Brownsville neighborhood of Brooklyn, an industrial property was recently transacted. The property spans across 54,838 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $155. The deal was finalized on July 25, 2018.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Property Size: 54,838 square feet
- Price per Square Foot: $155
- Address: 507 Osborn Street, Brooklyn
- Neighborhood: Brownsville
Sabharwal Properties acquired the property from Robles Realty in this transaction. Serving as the brokers for this deal were Dan Marks and Mike Hernandez of TerraCRG.
On the Map
$8,500,000
$155/SF
Industrial
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Players
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93