Updated Oct 28, 2024
United Construction & Development Group Acquires Industrial & Development Site In Sunset Park For $21.4M
6201 6th Avenue, Brooklyn, New York 11220, United States
$21,400,000
$288/SF
Building Size
74,202 SF
Asset Type
Industrial
Closing
Jun 21, 2022
About this deal
AI
An industrial and development site located at 6201 6th Avenue in Sunset Park has been sold for a total price of $21,400,000. The property spans 73,950 square feet, resulting in a price per square foot of $289. With a total built square footage of 118,860, the price per built square foot is $180. The transaction took place on June 22, 2022, and the seller of the property was Frank Wong.
Summary of transaction details
- Property Type: Industrial & Development Site
- Transaction Amount: $21,400,000
- Address: 6201 6th Avenue
- Market: Sunset Park
The buyer of the property is United Construction & Development Group, represented by Chris Jiashu Xu & Ki Tai Yeung. Chris Xu and Ki Tai Yeung, along with their company, acquired the industrial and development site from Frank Wong. This sale marks a significant transaction in the Sunset Park market.
On the Map
$21,400,000
$288/SF
Industrial
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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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93