Updated May 12, 2025
David Levine Acquires Industrial Property In East New York, Brooklyn For $35.5M
906 Wortman Avenue, Brooklyn, New York 11207, United States
$35,500,000
$314/SF
Building Size
112,800 SF
Asset Type
Industrial
Closing
Dec 6, 2021
About this deal
AI
The industrial property located at 906 Wortman Avenue in East New York, Brooklyn has been sold in a recent transaction. The property is zoned as M1-1 and spans a total area of 112,800 square feet. The transaction took place on December 7, 2021, with a sale price of $35,500,000. The price per square foot for this acquisition amounts to $315. It is important to note that the last recorded sale price for this property was $0 on January 4, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,500,000
- Address: 906 Wortman Avenue
- Market: East New York, Brooklyn
- Asset Type: Industrial
- Zoning: M1-1
- Square Footage: 112,800
- Price per Square Foot: $315
- Last Sale Price: $0 (01/04/2021)
The buyer in this transaction is David Levine, while the seller is Hillel Tropper.
On the Map
$35,500,000
$314/SF
Industrial
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New York 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93