Irwin Rosen Sells Industrial Property At 999 East 46th Street Brooklyn For $2,482,700
999 East 46th Street
$2,482,700
$305/SF
Building Size
8,140 SF
Asset Type
Industrial
Closing
Jan 31, 2025
AI
The property involved in this transaction is an industrial asset located at 999 East 46th Street in Brooklyn. The sale price was $2,482,700, and the property encompasses a total area of 8,140 square feet, which translates to a price per square foot of $305.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,482,700
- Address: 999 East 46th Street
- Market: Brooklyn
- Square Footage: 8,140
- Price Per Square Foot: $305
- Seller: Irwin Rosen
- Buyer's Representative: Avrum Deutsch - Tri State Commercial Realty
- Seller's Representatives: Matthew Peters - Marcus & Millichap
This transaction highlights the involvement of key representatives in the real estate industry. Avrum Deutsch represented the buyer, while the seller's side was represented by Matthew Peters, along with his team at Marcus & Millichap, ensuring a well-coordinated deal completion.
Players
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
6.39%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93