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83 Apollo Street, Brooklyn,...

Apex Investments Acquires Industrial Property In Brooklyn From Jerry Lebedowicz
SOLDIndustrial

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.

Players

Harrison Balisky

Olmsted Real Estate

Broker

$17.1M

vol

4 deals

Broker

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