Domain Companies Acquires Warehouse In Brooklyn For $26.5M
545 Sackett Street, Brooklyn, NY 11217
$26,500,000
$631/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Dec 14, 2017
AI
The warehouse located at 545 Sackett Street in Brooklyn, New York was recently sold in a transaction on December 15, 2017. The property, owned by ATS Realty, was purchased by Domain Companies for a total price of $26,500,000. The warehouse spans approximately 42,000 square feet, resulting in a price per square foot of $630.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $26,500,000
- Address: 545 Sackett Street, Brooklyn, New York
- Market: Brooklyn
- Seller: ATS Realty
- Buyer: Domain Companies
- Brokers: @Terracrg - Ofer Cohen, Dan Marks, Mike Hernandez
The deal was facilitated by the brokerage firm, Terracrg, who represented both the buyer and the seller. Ofer Cohen, Dan Marks, and Mike Hernandez of Terracrg served as the brokers in the transaction.
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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93