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Avishy Fisher Acquires Industrial Property In Gowanus, Brooklyn For $5.4M

Property Image
SOLD
$5,365,500

New York

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Industrial3,832 SF
Sold 06/02/2021
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Property Image
SOLD

Avishy Fisher Acquires Industrial Property In Gowanus, Brooklyn For $5.4M

538 Carroll Street, Gowanus, Brooklyn, NY, USA

See Similar Deals
Industrial3,832 SF
Sold 06/02/2021
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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.

Players

4 deals$164.1M volume
BUYER

2 deals$10.7M volume
SELLER

Details

SOLD
IMAGE: 06/02/2021 ADDRESS: 538 Carroll Street MARKET: Gowanus,Brooklyn ASSET TYPE: Industrial ~ ZONING: M1-2 BUYER: Avishy Fisher SELLER: Ekaterini Kipriadis PRICE: $5,365,500 BSF: 7,742 ~ PPBSF: $693 SF: 3,832 ~ PPSF: $1,400 FAR: 0.99 TAX CLASS: 4 LOT SIZE: 3,871 LOT DIMENSIONS: 49.42 ft x 79.92 ft

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Deal Type
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