Updated Sep 11, 2026
Agostino Vona Acquires Industrial Property In East New York For $29.4M
625 Wortman Ave, Brooklyn, NY 11208, USA
$29,400,000
$420/SF
Building Size
70,000 SF
Asset Type
Industrial
Closing
Nov 9, 2022
About this deal
AI
The industrial property located at 625 Wortman Avenue in the East New York market was purchased for $29,400,000. This asset spans 70,000 square feet, resulting in a price per square foot of $420.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,400,000
- Address: 625 Wortman Avenue
- Market: East New York
- Square Footage: 70,000
- Price Per Square Foot: $420
- Buyer: Agostino Vona
- Seller: GTJ REIT - Paul Cooper
- Broker: Adan Elias Kornfeld - Green Holland Management
Agostino Vona acted as the buyer in this transaction, while Paul Cooper represented GTJ REIT as the seller. The deal was facilitated by broker Adan Elias Kornfeld from Green Holland Management, who played a key role in this transaction.
On the Map
$29,400,000
$420/SF
Industrial
View full map
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Adan Elias Kornfeld to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93