Updated Dec 21, 2023
Cheskel Schwimmer Acquires Industrial Property In Williamsburg From James Ife For $4.9M
55 North 9th Street, Brooklyn, New York 11249, United States
$4,894,375
$978/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Sep 28, 2022
About this deal
AI
The industrial property located at 55 North 9th Street in Williamsburg has been sold. The sale was finalized on September 29, 2022.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $4,894,375
- Building Square Footage (BSF): 10,000
- Price per Building Square Foot (PPBSF): $489
- Lot Square Footage (SF): 5,000
- Price per Square Foot (PPSF): $978
Cheskel Schwimmer purchased the property from James Ife for the aforementioned sale price. Both parties involved in the transaction are yet to be identified with any agencies or representatives.
On the Map
$4,894,375
$978/SF
Industrial
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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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93