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

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SOLD
$2,482,700

New York

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Industrial8,140 SF
Sold 01/31/2025
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Property Image
SOLD

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

999 East 46th Street

See Similar Deals
Industrial8,140 SF
Sold 01/31/2025
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$305
Total Square Footage:8,140 SF
Transaction Type:Sale

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
28 deals$159.6M volume(716) 604-5763
BROKER

Avrum Deutsch
Tri State Commercial Realty
1 deal$2.5M volume
BROKER

Details

SOLD
IMAGE: Matthew Peters & Avrum Deutsch DATE: 01/31/2025 ADDRESS: 999 East 46th Street MARKET: Brooklyn ASSET TYPE: Industrial SELLER: Irwin Rosen BUYER'S REP: Avrum Deutsch - Tri State Commercial Realty (@TriStateCommercial) SELLER'S REP: Matthew Peters (@MPeters_CRE) & (@Peters_Team_RE) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,482,700 SF: 8,140 ~ PPSF: $305

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$132,410.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,820.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,769.26
Annual Debt Service$141,231.18