Sabharwal Properties Acquires Industrial Property In Brownsville For $8.5M
SOLD
$8,500,000
New York
See Similar DealsIndustrial54,838 SF
Sold 07/25/2018
SOLD
Sabharwal Properties Acquires Industrial Property In Brownsville For $8.5M
507 Osborn St, Brooklyn, NY 11212, USA
See Similar DealsIndustrial54,838 SF
Sold 07/25/2018
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:54,838 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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