facebook
Traded Co logo
Submit

O'Connor Capital Partners & CBRE Investment Management Acquire Industrial Property In Sunset Park For $85M

Property Image
SOLD
$85,000,000
Marcella Fasulo
Joshua King
Daniel (Dan) O'Brien
+ 4

New York

See Similar Deals
Industrial209,000 SF
Sold 12/23/2021
the dealplayerscompscontact
Property Image
SOLD

O'Connor Capital Partners & CBRE Investment Management Acquire Industrial Property In Sunset Park For $85M

5112 2nd Avenue, Brooklyn, NY 11232

See Similar Deals
Industrial209,000 SF
Sold 12/23/2021
Marcella Fasulo
Joshua King
Daniel (Dan) O'Brien
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$406
Total Square Footage:209,000 SF
Transaction Type:Sale

An industrial property located at 5112 2nd Avenue in Sunset Park has been sold for $85,000,000. The property spans 209,000 square feet and is zoned M3-1. The sale took place on December 23, 2021, and the previous sale price was $47,000,000 on October 2, 2017.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $85,000,000
  • Address: 5112 2nd Avenue
  • Market: Sunset Park
  • Zone: M3-1

O'Connor Capital Partners and CBRE Investment Management purchased the property from 60 Guilders, represented by Kevin Chisholm, Bastien Broda, and ASB Real Estate Investments. The transaction was facilitated by brokers Adam Spies, Josh King, Adam Doneger, Marcella Fasulo, and Dan O'Brien from Cushman & Wakefield.

Players

Adam Doneger
Newmark
Adam Doneger
189 deals$50B volume(516) 317-7837
BROKER
Adam Spies
Newmark
Adam Spies
260 deals$71.4B volume(212) 841-7500
BROKER
Joshua King
Newmark
Joshua King
114 deals$32.5B volume(212) 850-5427
BROKER
Marcella Fasulo
Newmark
Marcella Fasulo
93 deals$25.7B volume
BROKER
Daniel (Dan) O'Brien
Newmark
Daniel O'Brien
145 deals$4.6B volume(212) 698-5584
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
CBRE
CBRE
BUYER
OP
O’Connor Capital Partners
BUYER
Kevin Chisholm
60 Guilders
Kevin Chisholm
8 deals$206.8M volume
SELLER
Bastien Broda
60 Guilders
Bastien Broda
11 deals$264.7M volume
SELLER

Details

SOLD
IMAGE: Dan O’Brien, Adam Spies, Kevin Chisholm, Adam Doneger, Bastien Broda, Josh King & Marcella Fasulo DATE: 12/23/2021 ADDRESS: 5112 2nd Avenue MARKET: Sunset Park ASSET TYPE: Industrial ~ ZONING: M3-1 BUYER: O’Connor Capital Partners & CBRE Investment Management SELLER: 60 Guilders (@60Guilders) - Kevin Chisholm (@KevinDChisholm) & Bastien Broda (@Brodab) & ASB Real Estate Investments BROKERS: Adam Spies, Josh King, Adam Doneger, Marcella Fasulo & Dan O’Brien - Cushman & Wakefield SALE PRICE: $85,000,000 SF: 209,000 ~ PPSF: $406 LAST SALE PRICE: $47,000,000 (10/2/2017)

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

Contact

Get in touch with the broker you want

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)

$4,533,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$301,987.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,943.36
Annual Debt Service$4,835,320.38