TerraCRG Brokers Sell Sunset Park Industrial Property For $8.6M
SOLD
$8,600,000
+ 2
New York
See Similar DealsIndustrial28,165 SF
Sold 12/03/2021
SOLD
TerraCRG Brokers Sell Sunset Park Industrial Property For $8.6M
750-758 4th Ave, Brooklyn, NY, USA
See Similar DealsIndustrial28,165 SF
Sold 12/03/2021
+ 2
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$305
Total Square Footage:28,165 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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