Updated Dec 21, 2023
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
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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