DIB Management Acquires Industrial Asset In Sunset Park For $19.9M
5714 1st Avenue, Brooklyn, New York 11220, United States
$19,900,000
$220/SF
Building Size
90,080 SF
Asset Type
Industrial
Closing
Jun 28, 2022
AI
An industrial property located at 5714 1st Avenue in Sunset Park has been sold for $19,900,000. The property spans across 90,080 square feet, resulting in a price per square foot of $220. The transaction took place on June 29, 2022. The buyer is DIB Management, represented by Roland Dib & Roger Dib, and the seller is Gabriel Gopin.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $19,900,000
- Square Footage: 90,080
- Price per Square Foot: $220
- Address: 5714 1st Avenue
- Market: Sunset Park
Roland Dib & Roger Dib, from DIB Management, were the buyer's representatives in this deal.
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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93