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60 Washington Avenue, Brook...

Optimist I.N.C Acquires Industrial Property In Brooklyn Navy Yard For $2.3M
SOLDIndustrial

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

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93