Updated Nov 24, 2023
John V. Polsinelli Jr Acquires Industrial Property In East New York, Brooklyn For $5.7M
900 Shepherd Avenue, Brooklyn, New York 11208, United States
$5,680,125
$436,932/SF
Building Size
13 SF
Asset Type
Industrial
Closing
Nov 29, 2022
About this deal
AI
Located in East New York, Brooklyn, the property at 900-908 Shepherd Avenue has been sold in a recent transaction. This industrial asset spans a total of 13,700 square feet and was sold at a price of $5,680,125, resulting in a price per square foot of $414. The building itself has a size of 16,000 square feet, with a price per buildable square foot of $355.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $5,680,125
- Price per Square Foot: $414
- Building Square Footage: 13,700
- Price per Buildable Square Foot: $355
- Address: 900-908 Shepherd Avenue
- Market: East New York, Brooklyn
The buyer of the property is John V. Polsinelli Jr, while the seller is Harvey Wank.
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
2.79%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93