Rachel Broker Acquires Industrial Property In Canarsie For $8.95M
SOLD
$8,950,000
New York
See Similar DealsIndustrial35,250 SF
Sold 06/27/2022
SOLD
Rachel Broker Acquires Industrial Property In Canarsie For $8.95M
8801 Foster Avenue, Brooklyn, New York 11236, United States
See Similar DealsIndustrial35,250 SF
Sold 06/27/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$253
Total Square Footage:35,250 SF
Transaction Type:Sale
The industrial property located at 8801 Foster Avenue in Canarsie was recently sold. The sale took place on June 27, 2022. The property spans 35,250 square feet and was sold for a total price of $8,950,000, which equates to approximately $253 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,950,000
- Square Footage: 35,250
- Address: 8801 Foster Avenue
- Market: Canarsie
Rachel Broker represented the buyer in this transaction, while the seller was represented by Daniel Group.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$477,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,797.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,427.57
Annual Debt Service$509,130.79
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