facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

884-890 Metropolitan Avenue...

Updated Dec 21, 2023

Berkshire Hathaway HomeServices Acquires East Williamsburg Warehouse For $4.85M
SOLDIndustrial

Berkshire Hathaway HomeServices Acquires East Williamsburg Warehouse For $4.85M

884-890 Metropolitan Avenue, Brooklyn, NY, USA

$4,850,000

$492/SF

Building Size

9,850 SF

Asset Type

Industrial

Closing

Jun 16, 2020

About this deal

AI

A warehouse property located at 884-890 Metropolitan Ave. AKA. 255-257 Devoe St. in the East Williamsburg market was recently sold for a price of $4,850,000. The property has a total building square footage (BSF) of 19,700, with a price per BSF (PPBSF) of $246. The total square footage (SF) of the property is 9,850, with a price per SF (PPSF) of $492. The warehouse is situated on a lot with dimensions of 49 ft. x 200 ft. The property falls under the zoning classifications of R6B and C2-4.

Summary of transaction details:

  • Property Type: Warehouse
  • Date: 06/16/2021
  • Address: 884-890 Metropolitan Ave. AKA. 255-257 Devoe St.
  • Market: East Williamsburg
  • Sale Price: $4,850,000
  • BSF: 19,700
  • PPBSF: $246
  • SF: 9,850
  • PPSF: $492
  • Lot Dimensions: 49ft. x 200ft.
  • Zoning: R6B, C2-4

The deal involved multiple individuals and companies. However, no additional information is available about the key individuals and companies involved in the transaction.

Players

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $492 per square foot on a published $4.9M for 9,850 square feet (2020).

Browse New York industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets