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880 Rogers Avenue, Brooklyn...

Anshel Fridman Acquires Industrial Property In Flatbush, Brooklyn For $4.5M
SOLDIndustrial

Anshel Fridman Acquires Industrial Property In Flatbush, Brooklyn For $4.5M

880 Rogers Avenue, Brooklyn, New York 11226, United States

$4,500,000

$1,250/SF

Building Size

3,600 SF

Asset Type

Industrial

Closing

Dec 22, 2021

AI

An industrial property located at 880 Rogers Avenue & 2601 Snyder Avenue in Flatbush, Brooklyn has been sold in a recent transaction. The property has a lot size of 3,600 square feet and features a FAR of 1.00. The sale price for the property was $4,500,000, with a price per square foot of $1,250. The total building square footage is 19,651, resulting in a price per building square foot of $228. The property is classified under tax class 4. The sale took place on December 23, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Address: 880 Rogers Avenue & 2601 Snyder Avenue, Flatbush, Brooklyn
  • Market: Flatbush, Brooklyn
  • Buyer: Anshel Fridman
  • Seller: Vibert McEwen

The buyer, Anshel Fridman, acquired the property from the seller, Vibert McEwen. The property underwent an alteration permit on November 1, 2021. The lot dimensions measure 39.58 feet by 92 feet.

Players

Anshel Fridman

Buyer

$143M

vol

8 deals

Buyer

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93