TerraCRG Brokers Sell Sunset Park Industrial Property For $8.6M
750-758 4th Ave, Brooklyn, NY, USA
$8,600,000
$305/SF
Building Size
28,165 SF
Asset Type
Industrial
Closing
Dec 3, 2021
AI
The industrial property located at 750-758 4th Ave. & 240-246 24th St. in Sunset Park, Brooklyn has been sold for a total price of $8,600,000. The property spans a total of 28,165 square feet, resulting in a price per square foot of $305.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,600,000
The seller of the property was The Houss Family. The sale was facilitated by the following brokers: Dan Marks, Matt Cosentino, Daniel Lebor, and Adam Tannenbaum from TerraCRG.
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93