TerraCRG Brokers Daniel Lebor, Dan Marks & Robert Finnerty Facilitate $6.3M Sale Of Industrial Property In East Flatbush
SOLD
$6,300,000
New York
See Similar DealsIndustrial17,500 SF
Sold 08/06/2021
SOLD
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
See Similar DealsIndustrial17,500 SF
Sold 08/06/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$360
Total Square Footage:17,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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