Perlenexa LLC Acquires Industrial Property In Crown Heights, Brooklyn For $2.325M
616 Classon Avenue, Brooklyn, NY 11238, USA
$2,325,000
$904/SF
Building Size
2,570 SF
Asset Type
Industrial
Closing
Feb 14, 2019
AI
Located at 616 Classon Ave in Crown Heights, Brooklyn, this industrial property was sold on February 15, 2019. The property spans 2,568 square feet and was sold for a total price of $2.325 million, resulting in a price per square foot of $905.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2.325M
- Address: 616 Classon Ave
- Market: Crown Heights, Brooklyn
The seller of the property is Mitchell Derosa, while the buyer is Perlenexa LLC, represented by Juan Perez. The deal was facilitated by Momentum Real Estate, with Brian Ngo serving as the broker.
Players
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93