Updated Oct 29, 2024
The Brooklyn Home Company Acquires Industrial Building In Gowanus For $12.8M
80 4th St, Brooklyn, NY, 11231
$12,800,000
$718/SF
Building Size
17,820 SF
Asset Type
Industrial
Closing
Apr 9, 2018
About this deal
AI
80 4th Street in Brooklyn, NY, 11231, a one-story industrial building in Gowanus, was sold for $12.8 million. The property spans 17,820 square feet and includes one unit. Situated between Bond and Hoyt streets, this industrial asset was purchased by The Brooklyn Home Company from Ottergibbon LLC, controlled by Colleen Fitzgibbon.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,800,000.00
- Market: Brooklyn
- Seller's Representative: William Barrett (Cushman & Wakefield), Winfield Clifford (JLL)
- Buyer: The Brooklyn Home Company
Cushman & Wakefield’s Winfield Clifford and William Barrett acted as the seller's representatives in the deal. The Brooklyn Home Company finalized the purchase of this industrial property, highlighting the key players involved in this transaction.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
About $718 per square foot on a published $12.8M for 17,820 square feet (2018).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93