Updated Dec 21, 2023
Aaron Zimmerman Acquires Industrial Property In Brownsville For $5.9M
9863 Ditmas Avenue, Brooklyn, New York 11236, United States
$5,900,000
$321/SF
Building Size
18,330 SF
Asset Type
Industrial
Closing
May 11, 2022
About this deal
AI
Located in Brownsville, the industrial property at 9863 Ditmas Avenue recently changed hands in a closed transaction. The property spans a total of 18,330 square feet, which translates to a price per square foot of $321. The seller, Miriam Abramczyk, sold the property to the buyer, Aaron Zimmerman, for a total sale price of $5,900,000.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $5,900,000
- Square Footage: 18,330
- Price Per Square Foot: $321
- Address: 9863 Ditmas Avenue
- Market: Brownsville
Aaron Zimmerman played the role of the buyer in this transaction, while Miriam Abramczyk represented the seller. This sale represents a significant transaction in the industrial property market in Brownsville.
Players
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93