Updated May 12, 2025
Abraham Brach Acquires Industrial Property In Brooklyn From Pfizer Corp For $27.5M
58 Gerry St, Brooklyn, NY 11206, USA
Building Size
30,000 SF
Asset Type
Industrial
Closing
Jan 16, 2017
About this deal
AI
The asset involved in this transaction is an industrial property located at 58 Gerry St, Brooklyn, within the NYC Boroughs market. The transaction was completed for a total price of $27,500,000.00, representing the value of the asset exchanged between the parties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,500,000.00
- Seller: Pfizer Corp
- Buyer: Abraham Brach
- Address: 58 Gerry St, Brooklyn
- Market: NYC Boroughs
The transaction involved Pfizer Corp as the seller, who transferred ownership of the property to buyer Abraham Brach. The deal reflects the dynamics of the industrial real estate market in Brooklyn, showcasing the parties involved in this significant exchange.
On the Map
Industrial
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93