Updated Oct 7, 2024
$15.2 Million Sale Of 73 Empire Blvd Brooklyn Representation By Jason Grunberg Of SAB Capital
73 Empire BLVD, Brooklyn, NY, 11225
$15,200,000
$495/SF
Building Size
30,697 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
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.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93