SOLDIndustrial
TerraCRG Brokers Daniel Lebor, Dan Marks & Robert Finnerty Facilitate $6.3M Sale Of Industrial Property In East Flatbush
848 East 43rd Street, East Flatbush, Brooklyn, NY, USA
$6,300,000
$360/SF
Building Size
17,500 SF
Asset Type
Industrial
Closing
Aug 5, 2021
AI
An industrial property located at 848 E. 43rd Street in East Flatbush has been sold for $6,300,000. The property spans 17,500 square feet and was sold at a price of $360 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,300,000
- Address: 848 E. 43rd Street
- Market: East Flatbush
- Brokers: Dan Marks, Daniel Lebor, and Robert Finnerty at TerraCRG
The deal was facilitated by brokers Dan Marks, Daniel Lebor, and Robert Finnerty from TerraCRG.
Players
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93