Updated Dec 18, 2023
Fried Management Acquires Industrial Property In Brooklyn For $7.25M
712 Hicks St, Brooklyn, NY 11231, USA
Building Size
32,190 SF
Asset Type
Industrial
Closing
May 1, 2017
About this deal
AI
Located at 712 Hicks Street in Brooklyn, this industrial property was recently sold in May 2017. The property spans a total of 32,190 square feet with a price per square foot of $225, resulting in a transaction worth $7,250,000. The property is situated in the NYC Boroughs market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,250,000
- Square Footage: 32,190
- Price Per Square Foot: $225
- Address: 712 Hicks Street, Brooklyn
- Market: NYC Boroughs
William Weidmann acted as the seller in this transaction, while Fried Management emerged as the buyer.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93