Updated Oct 25, 2024
Jason Barnett Acquires Industrial Property In Red Hook, Brooklyn From Robert A Malecky For $103.5M
750 Court Street, Brooklyn, New York, United States
$103,474,459
$1,590/SF
Building Size
65,050 SF
Asset Type
Industrial
Closing
Dec 16, 2021
About this deal
AI
The industrial property located at 750 & 728 Court Street, 730 Clinton Street & 764 Henry Street in Red Hook, Brooklyn has been sold in a closed transaction. The property is zoned for M3-1 and spans a lot size of 218,250 square feet. The last sale of the property took place on November 12, 2013, at a price of $15,500,000. The property has dimensions of 369.67 ft x 71 ft.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $103,474,459
- Building Square Footage: 728,010
- Price Per Square Foot: $142
- Total Square Footage: 65,050
- Price Per Square Foot: $1,591
- Floor Area Ratio (FAR): 0.01
- Tax Class: 4
The buyer in this transaction is Jason Barnett, while the seller is Robert A Malecky. The deal was closed on December 17, 2021.
Players
New York 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93