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
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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