Optimist I.N.C Acquires Industrial Property In Brooklyn Navy Yard For $2.3M
60 Washington Avenue, Brooklyn, New York 11205, United States
$2,300,000
$425/SF
Building Size
5,400 SF
Asset Type
Industrial
Closing
May 10, 2022
AI
A 5,400 square foot industrial property located at 60 Washington Ave in Brooklyn Navy Yard has been sold for a price of $2,300,000. The property was sold by John Kuntzsch to Optimist I.N.C, represented by Juergen Dold. The sale was facilitated by brokers Alan Stenson from Brax Realty and Maurice Singer from Triplemint. The property is situated in the Brooklyn Navy Yard market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Address: 60 Washington Ave
- Market: Brooklyn Navy Yard
- Buyer: Optimist I.N.C - Juergen Dold
- Seller: John Kuntzsch
- Brokers: Alan Stenson - Brax Realty & Maurice Singer - Triplemint
The sale of the industrial property at 60 Washington Ave was a successful transaction facilitated by brokers Alan Stenson from Brax Realty and Maurice Singer from Triplemint. The buyer, Optimist I.N.C, was represented by Juergen Dold. Both parties were able to negotiate and agree upon a sale price of $2,300,000 for this 5,400 square foot industrial property located in the Brooklyn Navy Yard market.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93