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71 Van Brunt Street, Brookl...

Updated Dec 21, 2023

Corcoran Group Broker Yan Dekhtyar Sells 8-Lot Industrial Space In Columbia Street Waterfront District And Red Hook For $5.2M
SOLDIndustrial

Corcoran Group Broker Yan Dekhtyar Sells 8-Lot Industrial Space In Columbia Street Waterfront District And Red Hook For $5.2M

71 Van Brunt Street, Brooklyn, NY 11231, USA

$5,200,000

$446/SF

Building Size

11,651 SF

Asset Type

Industrial

Closing

Aug 13, 2020

About this deal

AI

This commercial property located at 71 & 75 Van Brunt, 60 Degraw St, and 63, 65, 67, 69 & 73 Sackett St in the Columbia Street Waterfront District & Red Hook area was recently sold in a closed transaction. It consists of 8 contiguous lots including 75 Van Brunt, 71 Van Brunt, 63/65/67/69 & 73 Sackett, and 60 Degraw. The property offers 11,651 square feet of industrial space and is zoned as M1-1.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $5,200,000
  • Square Footage: 11,651
  • Price per Square Foot: $447
  • Broker: Yan Dekhtyar - The Corcoran Group
  • Date: 08/13/2021
  • Market: Columbia Street Waterfront District & Red Hook
  • BROKER's NOTE: 75 Van Brunt Street: This trophy commercial property consists of 8 contiguous lots including 75 Van Brunt, 71 Van Brunt, 63/65/67/69 & 73 Sackett, and 60 Degraw. 11,651 square feet of industrial space, M1-1, sold for a record $447 per square foot, totaling $5,200,000. Congratulations to the new owners on the purchase of this fantastic piece of property.

If you're interested in discussing your commercial and residential property plans, you can reach out to Yan Dekhtyar of The Corcoran Group. Yan can be reached at 347-217-7199 or via email at [email protected].

For more insights and updates from Yan Dekhtyar, you can follow him on Instagram at yandekhtyar.

Players

Yan Dekhtyar

The Corcoran Group

Broker

$9.7M

vol

2 deals

Broker

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $446 per square foot on a published $5.2M for 11,651 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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