Updated Dec 21, 2023
60 Guilders Acquires Industrial Property On 2nd Avenue In New York For $47M
5112 2nd Ave, Brooklyn, NY 11232, USA
Building Size
187,465 SF
Asset Type
Industrial
Closing
Oct 16, 2017
About this deal
AI
The industrial property located at 5112 2nd Avenue in New York City, within the NYC Boroughs market, was sold for a price of $47,000,000. The property's address and market value were key factors in the transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $47,000,000
The seller of the property was Benjamin Rusi, while the buyer was 60 Guilders, represented by Kevin D. Chisholm from ASB Real Estate Investments. Their involvement in the deal brought unique perspectives and expertise to the transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93