Apex Investments Acquires Industrial Property In Brooklyn From Jerry Lebedowicz
SOLD
$10,600,000
New York
See Similar DealsIndustrial22,000 SF
Sold 12/16/2020
SOLD
Apex Investments Acquires Industrial Property In Brooklyn From Jerry Lebedowicz
83 Apollo Street, Brooklyn, NY, USA
See Similar DealsIndustrial22,000 SF
Sold 12/16/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$481
Total Square Footage:22,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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