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8215 Foster Avenue

Nechama Liberow Of Pinnacle Realty Represents Buyer In $7.475M Sale Of 8215 Foster Avenue Brooklyn
SOLDIndustrial

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

Jakub Nowak

Marcus & Millichap

Broker

$471.9M

vol

87 deals

Broker
Pinnacle Realty of New York
Pinnacle Realty of New YorkBrokerage

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