Updated Oct 13, 2026
Liberty One Group Acquires Industrial Property In Sunset Park For $7M
5113 2nd Ave, Brooklyn, NY 11232, USA
$7,000,000
$43/SF
Building Size
160,500 SF
Asset Type
Industrial
Closing
Aug 13, 2020
About this deal
AI
The industrial property located at 5113 2nd Avenue in Sunset Park has been sold for $7,000,000. With a total area of 16,050 square feet, the property has a price per square foot of $436. The lot dimensions are 53.5 feet by 100 feet. The property falls under zoning classification M1-2D with a FAR as built of 3.00. The previous sale of this property took place on April 27, 2018, for a price of $5,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Market: Sunset Park
- Buyer: Liberty One Group
- Seller: Joel Weber
Liberty One Group, represented by their broker Joel Weber, acquired the property from the seller. The property, with its strategic location in Sunset Park and its industrial zoning, presents a valuable investment opportunity for the buyer.
On the Map
$7,000,000
$43/SF
Industrial
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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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93