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9202 Avenue D

Manny Weinberger Acquires Industrial Property In Brooklyn From Meir Butchik For $3.175M
SOLDIndustrial

Manny Weinberger Acquires Industrial Property In Brooklyn From Meir Butchik For $3.175M

9202 Avenue D

$3,175,000

$288/SF

Building Size

11,000 SF

Asset Type

Industrial

Closing

May 26, 2025

AI

The property involved in this transaction is an industrial asset located at 9202 Avenue D in Brooklyn. The sale was finalized for a price of $3,175,000, encompassing a total area of 11,000 square feet. This translates to a price per square foot of $288.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,175,000
  • Address: 9202 Avenue D
  • Market: Brooklyn
  • Square Footage: 11,000
  • Price Per Square Foot: $288
  • Buyer: Manny Weinberger
  • Seller: Meir Butchik
  • Broker: Nina Sabag & Ariel Mulla - 5 Boro Realty

Nina Sabag and Ariel Mulla, representing 5 Boro Realty, facilitated the transaction, showcasing their expertise in selling commercial buildings and multi-unit properties. Their approach emphasizes achieving top value and ensuring a smooth process for their clients, including collaboration with foreign investors.

Players

Nina Sabag

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker
5 Boro Realty
5 Boro RealtyBrokerage

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

5.00%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93