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Arkadiusz Kruczynski And Lukasz Szczygiel Acquire Industrial Property From Richard Marcantonio For $3M
SOLD
$3,000,000
New York
See Similar DealsIndustrial5,000 SF
Sold 12/05/2024
SOLD
Arkadiusz Kruczynski And Lukasz Szczygiel Acquire Industrial Property From Richard Marcantonio For $3M
71 Van Dam Street
See Similar DealsIndustrial5,000 SF
Sold 12/05/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$600
Total Square Footage:5,000 SF
Transaction Type:Sale
An industrial property located at 71 Van Dam Street was transferred in a sale. The property encompasses 5,000 square feet and was sold for $3,000,000, translating to a price per square foot of $600 within the Greenpoint market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 71 Van Dam Street
- Market: Greenpoint
- Square Footage: 5,000
- Price Per Square Foot: $600
- Buyer: Arkadiusz Kruczynski & Lukasz Szczygiel
- Seller: Richard Marcantonio
- Date of Transaction: December 5, 2024
Arkadiusz Kruczynski and Lukasz Szczygiel were the buyers involved in this transaction, purchasing the property from seller Richard Marcantonio. The deal was finalized on December 5, 2024.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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