Updated Sep 11, 2026
Yan Chen Acquires Industrial Property From Konstantinos Konstantinidis For $5,837,000 In Brooklyn
6124 6th Avenue
$5,837,000
$583/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
This industrial property, located at 6124 6th Avenue in Brooklyn, was sold for $5,837,000. The asset encompasses a total square footage of 10,000, which breaks down to a price per square foot of $583.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,837,000
- Buyer: Yan Chen
- Seller: Konstantinos Konstantinidis
- Broker: Mandy (Meijuan) Jiang
- Market: Brooklyn
The successful transaction followed multiple rounds of negotiations, culminating in the closure of the deal. The broker represented a significant moment for the buyer, who is now the owner of the corner warehouse situated in Sunset Park.
On the Map
$5,837,000
$583/SF
Industrial
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Players
Brooklyn 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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93