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Perlenexa LLC Acquires Industrial Property In Crown Heights, Brooklyn For $2.325M

Property Image
SOLD
$2,325,000

New York

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Industrial2,570 SF
Sold 02/15/2019
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Property Image
SOLD

Perlenexa LLC Acquires Industrial Property In Crown Heights, Brooklyn For $2.325M

616 Classon Avenue, Brooklyn, NY 11238, USA

See Similar Deals
Industrial2,570 SF
Sold 02/15/2019
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$904
Total Square Footage:2,570 SF
Transaction Type:Sale

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

2 deals$7.9M volume
BROKER

Details

SOLD
IMAGE: Brian Ngo DATE: 02/15/2019 ADDRESS: 616 Classon Ave MARKET: Crown Heights, Brooklyn ASSET TYPE: Industrial SALE PRICE: $2.325M SF: 2,568 / PPSF: $905 SELLER: Mitchell Derosa BUYER: Perlenexa LLC - Juan Perez BROKERS: Momentum Real Estate - Brian Ngo

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$124,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23