DIB Management Acquires Industrial Asset In Sunset Park For $19.9M
SOLD
$19,900,000
New York
See Similar DealsIndustrial90,080 SF
Sold 06/29/2022
SOLD
DIB Management Acquires Industrial Asset In Sunset Park For $19.9M
5714 1st Avenue, Brooklyn, New York 11220, United States
See Similar DealsIndustrial90,080 SF
Sold 06/29/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$220
Total Square Footage:90,080 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,061,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$70,700.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,336.15
Annual Debt Service$1,132,033.83
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