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Domain Companies Acquires Warehouse In Brooklyn For $26.5M

Property Image
SOLD
$26,500,000

New York

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Industrial42,000 SF
Sold 12/15/2017
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Property Image
SOLD

Domain Companies Acquires Warehouse In Brooklyn For $26.5M

545 Sackett Street, Brooklyn, NY 11217

See Similar Deals
Industrial42,000 SF
Sold 12/15/2017
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$631
Total Square Footage:42,000 SF
Transaction Type:Sale

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

Ofer Cohen
25 deals$606.2M volume
BROKER

Dan Marks
Terra CRG
48 deals$904.6M volume
BROKER

Michael (Mike) Hernandez
Terra CRG
4 deals$76.2M volume(718) 489-8333
BROKER

BUYER

Details

SOLD
IMAGE: 545 Sackett Street DATE: 12/15/17 CITY: New York MARKET: Brooklyn ASSET TYPE: Warehouse SELLER: ATS Realty BUYER: Domain Companies BROKERS: @Terracrg (Buyer and Seller) – Ofer Cohen, Dan Marks, Mike Hernandez PRICE: $26,500,000 SF: 42,000 ~ PPSF: $630

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
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