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Bridge Industrial Acquires Brooklyn Industrial Property From Galina Gendelman For $11.5M
SOLD
$11,500,000
New York
See Similar DealsIndustrial
Sold 04/26/2024
SOLD
Bridge Industrial Acquires Brooklyn Industrial Property From Galina Gendelman For $11.5M
60 20th Street
See Similar DealsIndustrial
Sold 04/26/2024
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Sale
Located at 60 20th Street in Brooklyn, an industrial property was sold by Galina Gendelman to Bridge Industrial. The sale price for this asset was $11.5 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,500,000
- Buyer: Steve Poulos - Bridge Industrial
- Seller: Galina Gendelman
- Address: 60 20th Street
- Market: Brooklyn
Bridge Industrial, represented by Steve Poulos, acquired the industrial property at 60 20th Street from Galina Gendelman in Brooklyn, solidifying the transaction for $11.5 million.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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