Updated Oct 6, 2025
Al Jumari Purchases Industrial Property From Royal Development Inc For $8 Million In Brooklyn
723 Bristol Street
$8,000,000
$174/SF
Building Size
45,740 SF
Asset Type
Industrial
Closing
Jul 31, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 723 Bristol Street, Brooklyn. The sale price for the property was $8,000,000, with a total square footage of 45,740, translating to a price per square foot of $174.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 723 Bristol Street
- Market: Brooklyn
- Square Footage: 45,740
- Price Per Square Foot: $174
- Buyer: Al Jumari
- Seller: Royal Development Inc
- Buyer's Representative: Qais Shawabkeh - Deera Realty Group
Qais Shawabkeh represents the buyer, Al Jumari, in this transaction and is affiliated with Deera Realty Group. This group specializes in off-market and distressed properties across NYC, and they encourage potential investors to reach out for future opportunities.
On the Map
$8,000,000
$174/SF
Industrial
View full map
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Qais Shawabkeh to view all their deals.
Browse Brooklyn industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93