Updated Nov 4, 2023
Shlomo Chkifati Acquires Industrial Building At 85 Coffey Street In Red Hook, Brooklyn For $2.2M
85 Coffey St Brooklyn, NY 11231, USA
$2,250,000
$511/SF
Building Size
4,400 SF
Asset Type
Industrial
Closing
Aug 24, 2023
About this deal
AI
An industrial building located at 85 Coffey Street in Red Hook, Brooklyn has been sold in a transaction worth $2,250,000. The property spans approximately 4,400 square feet, resulting in a price per square foot of $511. The sale took place on August 24, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,250,000
- Square Footage: 4,400
- Price per Square Foot: $511
- Address: 85 Coffey Street, Red Hook, Brooklyn
- Market: Red Hook, Brooklyn
Shlomo Chkifati's 85 Coffey Street LLC acquired the industrial building from Salvatore Sodano and Frank Civitano's G & G Coffey Realty LLC in the aforementioned deal. The sale was finalized on August 24, 2023, for a total of $2.2 million.
Players
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Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93