$15.2 Million Sale Of 73 Empire Blvd Brooklyn Representation By Jason Grunberg Of SAB Capital
SOLD
$15,200,000
+ 1
New York
See Similar DealsIndustrial30,697 SF
SOLD
$15.2 Million Sale Of 73 Empire Blvd Brooklyn Representation By Jason Grunberg Of SAB Capital
73 Empire BLVD, Brooklyn, NY, 11225
See Similar DealsIndustrial30,697 SF
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$495
Total Square Footage:30697 SF
Transaction Type:Sale
The property asset involved in this transaction is a 30,697-square-foot industrial building located at 73-99 Empire Blvd. in the Crown Heights area of Brooklyn. The sale price was $15,200,000. The site also includes an 8,000-square-foot retail building.
Summary of transaction details:
- Property Type: Industrial Building
- Transaction Amount: $15,200,000
- Address: 73 Empire BLVD, Brooklyn, NY, 11225
- Market: Brooklyn
- Seller's Representatives: John Brennan, Jakub Nowak & Samuel Finkler - Marcus & Millichap
- Buyer: Unknown
- Seller: Unknown
- Total Square Footage: 30,697
In this transaction, John Brennan, Jason Grunberg, Jakub Nowak, and Samuel Finkler of Marcus & Millichap represented both the seller and the buyer. Both parties involved in the transaction were individuals or personal trusts that requested anonymity.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$810,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06
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