Updated Dec 21, 2023
Eli Gindi, Joseph Chetrit, And Joseph Nakash Acquire Red Hook Industrial Portfolio For $45M
611 Smith Street, Red Hook, Brooklyn, NY, USA
$45,000,000
Building Size
—
Asset Type
Industrial
Closing
Dec 21, 2020
About this deal
AI
The industrial property located at 611, 627, 659, and 595 Smith Street in Red Hook has been sold in a joint venture deal. The property is zoned as M3-1 and falls under the industrial asset type category. The transaction took place on December 22, 2020, and involved key individuals Joseph Chetrit, Eli Gindi, and Joseph Nakash. The sale price for this property was $45,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Address: 611, 627, 659, 595 Smith Street
- Market: Red Hook
- Zoning: M3-1
In this joint venture deal, Joseph Chetrit, Eli Gindi, and Joseph Nakash played key roles. They represented the buyers or sellers in this transaction.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93