Apex Investments Acquires Industrial Property In Brooklyn From Jerry Lebedowicz
83 Apollo Street, Brooklyn, NY, USA
$10,600,000
$481/SF
Building Size
22,000 SF
Asset Type
Industrial
Closing
Dec 15, 2020
AI
The industrial property located at 83 Apollo Street in Brooklyn was recently sold for $10,600,000. The transaction took place on December 16, 2020. The property has a total square footage of 22,000, which translates to a price per square foot of $481. Additionally, the property has a building square footage of 47,500, with a price per building square foot of $223.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,600,000
- Address: 83 Apollo Street, Brooklyn
- Market: Brooklyn
The buyer in this transaction was Apex Investments, while the seller was Jerry Lebedowicz. Harrison Balisky from Olmsted Real Estate represented both parties as the broker. Harrison Balisky, also known as @HarryS0nn, played a crucial role in ensuring the successful completion of the deal.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93