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750-758 4th Ave, Brooklyn, ...

TerraCRG Brokers Sell Sunset Park Industrial Property For $8.6M
SOLDIndustrial

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

Adam Tannenbaum

Terra CRG

Broker

$64.4M

vol

7 deals

Broker

Houss Family

Seller

$9.8M

vol

2 deals

Seller

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