Tiferes Yehuda Family Trust & Joel Waldman Acquire Industrial Building In Bedford Stuyvesant, Brooklyn For $5.6M
64-66 Franklin Avenue Brooklyn, New York 11205
$5,600,000
$416/SF
Building Size
13,440 SF
Asset Type
Industrial
Closing
Jun 8, 2023
AI
The industrial building located at 64-66 Franklin Avenue in Bedford Stuyvesant, Brooklyn, has been sold for $5.6 million. The property, with 13,440 square feet of built space, was acquired by Tiferes Yehuda Family Trust, Joel Waldman, and others through their entity 64 Energy LLC. The transaction closed on June 8, 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,600,000
- Address: 64-66 Franklin Avenue, Bedford Stuyvesant, Brooklyn
- Market: Bedford Stuyvesant, Brooklyn
- Buyer: Tiferes Yehuda Family Trust, Joel Waldman
- Seller: Raymond Lee
- Square Footage: 13,440
The purchase of the industrial building at 64-66 Franklin Avenue was made by Tiferes Yehuda Family Trust, Joel Waldman, and others through their entity 64 Energy LLC. The property, located in Bedford Stuyvesant, Brooklyn, provides a significant amount of built space for industrial use.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93