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999 East 46th Street

Irwin Rosen Sells Industrial Property At 999 East 46th Street Brooklyn For $2,482,700
SOLDIndustrial

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:

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

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

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