Avishy Fisher Acquires Industrial Property In Gowanus, Brooklyn For $5.4M
SOLD
New York
See Similar DealsIndustrial3,832 SF
Sold 06/02/2021
SOLD
Avishy Fisher Acquires Industrial Property In Gowanus, Brooklyn For $5.4M
538 Carroll Street, Gowanus, Brooklyn, NY, USA
See Similar DealsIndustrial3,832 SF
Sold 06/02/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$1,400
Total Square Footage:3,832 SF
Transaction Type:Sale
A industrial property located at 538 Carroll Street in Gowanus, Brooklyn has been sold in a closed transaction on June 2, 2021. The property is zoned as M1-2 and has a lot size of 3,871 square feet, with dimensions of 49.42 ft x 79.92 ft.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,365,500
- Market: Gowanus, Brooklyn
- Buyer: Avishy Fisher
- Seller: Ekaterini Kipriadis
- BSF (Building Square Footage): 7,742
- PPBSF (Price per Building Square Foot): $693
- SF (Lot Square Footage): 3,832
- PPSF (Price per Square Foot): $1,400
- FAR (Floor Area Ratio): 0.99
- Tax Class: 4
- Lot Dimensions: 49.42 ft x 79.92 ft
Avishy Fisher was represented by their broker in the transaction. The deal involved no additional details regarding financing or other parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,159.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,062.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,435.21
Annual Debt Service$305,222.49
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