John V. Polsinelli Jr Acquires Industrial Property In East New York, Brooklyn For $5.7M
SOLD
$5,680,125
New York
See Similar DealsIndustrial13 SF
Sold 11/29/2022
SOLD
John V. Polsinelli Jr Acquires Industrial Property In East New York, Brooklyn For $5.7M
900 Shepherd Avenue, Brooklyn, New York 11208, United States
See Similar DealsIndustrial13 SF
Sold 11/29/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$436,932
Total Square Footage:13 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$302,940.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,180.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,926.69
Annual Debt Service$323,120.28
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