Nechama Liberow Of Pinnacle Realty Represents Buyer In $7.475M Sale Of 8215 Foster Avenue Brooklyn
8215 Foster Avenue
$7,475,000
$233/SF
Building Size
32,000 SF
Asset Type
Industrial
Closing
Jun 10, 2025
AI
The property located at 8215 Foster Avenue in Brooklyn is an industrial asset that spans 32,000 square feet. The sale concluded at a price of $7,475,000, translating to a price per square foot of $233.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,475,000
- Square Footage: 32,000
- Price Per Square Foot: $233
- Address: 8215 Foster Avenue
- Market: Brooklyn
The buyer was represented by Nechama Liberow from Pinnacle Realty of New York, while the seller was represented by Steven Siegel, Jakub Nowak, and Thomas Brennan from Marcus & Millichap. This transaction marks a record-setting price for vacant land/IOS in Canarsie, Brooklyn. The growing demand for industrial outdoor storage space was a notable aspect influencing this deal.
Players
Brooklyn 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
2.12%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93