Updated Oct 28, 2024
Rachel Broker Acquires Industrial Property In Canarsie For $8.95M
8801 Foster Avenue, Brooklyn, New York 11236, United States
$8,950,000
$253/SF
Building Size
35,250 SF
Asset Type
Industrial
Closing
Jun 26, 2022
About this deal
AI
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.
The industrial sale at 8801 Foster Avenue, Brooklyn, New York 11236, United States in Brooklyn, New York sold for $9M in 2022. The building is 35,250 square feet, implying about 253 per square foot on the published price. This page is the Brooklyn, New York file for the 8801 Foster Avenue, Brooklyn, New York 11236, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn industrial set by closing date to see what else sold near 8801 Foster Avenue, Brooklyn, New York 11236, United States around 2022. Published consideration for 8801 Foster Avenue, Brooklyn, New York 11236, United States is $9M, dated 2022. Cite this Rachel Broker Acquires Industrial Property In Canarsie For $8.95M sale when underwriting similar industrial product around Brooklyn, New York.
On the Map
$8,950,000
$253/SF
Industrial
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Players
Brooklyn 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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93