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$7.2M Industrial Property Sold In East Flatbush, Brooklyn

Property Image
SOLD
$7,200,000
Daniel (Dan) Lebor
A.j. Dorn
+ 3

New York

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Industrial316,800 SF
Sold 07/08/2020
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Property Image
SOLD

$7.2M Industrial Property Sold In East Flatbush, Brooklyn

5701 Foster Ave, Brooklyn, NY 11234, USA

See Similar Deals
Industrial316,800 SF
Sold 07/08/2020
Daniel (Dan) Lebor
A.j. Dorn
+ 3
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$22
Total Square Footage:316,800 SF
Transaction Type:Sale

The industrial property located at 5701 Foster Avenue in East Flatbush, Brooklyn, has been sold for a price of $7,200,000. The property spans an area of 31,680 square feet, resulting in a price per square foot of $227. The zoning classification for this property is M1-1, and it has lot dimensions of 165 ft x 200 ft. The property falls under tax class 4 and was previously sold for $2,500,000 with a price per square foot of $78.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,200,000
  • Square Footage: 31,680
  • Price per Square Foot: $227
  • Zoning: M1-1
  • Lot Dimensions: 165 ft x 200 ft
  • Tax Class: 4
  • Last Sale Price: $2,500,000
  • Last Sale Date: [DATE]

Ofer Cohen, Dan Marks, Daniel Lebor, Adam Tannenbaum, and Robert Finnerty were involved in the transaction as representatives for . They played a significant role in facilitating the deal but do not directly represent the buyer or seller.

Players

A.j. Dorn
3 deals$40.7M volume
BROKER

Adam Tannenbaum
Terra CRG
7 deals$64.4M volume(718) 489-8333
BROKER

Daniel (Dan) Lebor
Terra CRG
50 deals$986.7M volume
BROKER

Ofer Cohen
Terra CRG
25 deals$606.2M volume
BROKER

Dan Marks
Terra CRG
48 deals$904.6M volume
BROKER

Robert (Rob) Finnerty
Findor
9 deals$49.7M volume(732) 856-7386
BROKER

Details

SOLD
IMAGE: Ofer Cohen, Dan Marks, Daniel Lebor, Adam Tannenbaum & Robert Finnerty DATE: 07/08/2020 ADDRESS: 5701 Foster Avenue MARKET: East Flatbush, Brooklyn ASSET TYPE: Industrial SALE PRICE: $7,200,000 SF: 31,680 PPSF: $227 ZONING: M1-1 LOT DIMENSIONS: 165 ft x 200 ft TAX CLASS: 4 LAST SALE PRICE: $2,500,000 ($78 PSF) LAST SALE DATE: […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$384,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08