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Galina Gendelman Acquires Industrial Property From Bridge Industrial In Brooklyn For $13.5M
SOLD
$13,500,000
New York
See Similar DealsIndustrial
Sold 04/26/2024
SOLD
Galina Gendelman Acquires Industrial Property From Bridge Industrial In Brooklyn For $13.5M
73 20th Street
See Similar DealsIndustrial
Sold 04/26/2024
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 73 20th Street in Brooklyn was sold by Steve Poulos of Bridge Industrial to Galina Gendelman for $13.5 million.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $13,500,000
- Address: 73 20th Street
- Market: Brooklyn
- Buyer: Galina Gendelman
- Seller: Steve Poulos - Bridge Industrial
The deal's key individuals involved in the transaction were Galina Gendelman as the buyer and Steve Poulos representing Bridge Industrial as the seller.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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