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Ali Rowmein Purchases Industrial Property At 1279 Utica Avenue Brooklyn For $2.4 Million

Property Image
SOLD
$2,400,000
Vito Angelo
Billy Apter

New York

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Industrial4,900 SF
Sold 01/02/2026
the dealplayerscompscontact
Property Image
SOLD

Ali Rowmein Purchases Industrial Property At 1279 Utica Avenue Brooklyn For $2.4 Million

1279 Utica Avenue

See Similar Deals
Industrial4,900 SF
Sold 01/02/2026
Vito Angelo
Billy Apter
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$489
Total Square Footage:4,900 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 1279 Utica Avenue in Brooklyn. The sale price of the property was $2,400,000, with a total area of 4,900 square feet, resulting in a price per square foot of $489.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,400,000
  • Address: 1279 Utica Avenue
  • Market: Brooklyn
  • Square Footage: 4,900
  • Price Per Square Foot: $489
  • Buyer: Ali Rowmein
  • Seller: Howard Horowitz
  • Brokers: Vito Angelo & Billy Apter - Re/Max

Vito Angelo and Billy Apter represented the seller, Howard Horowitz, and buyer, Ali Rowmein, in this transaction. They are noted as top-producing agents, emphasizing their capability in the real estate market.

Players

Vito Angelo
Re/Max
Vito Angelo
38 deals$77.9M volume(718) 887-5708
BROKER
Billy Apter
Re/Max
Billy Apter
33 deals$66.3M volume(347) 721-6599
BROKER
Re/Max
Re/Max
BROKERAGE

Details

SOLD
IMAGE: Vito Angelo DATE: 1/2/2026 ADDRESS: 1279 Utica Avenue MARKET: Brooklyn ASSET TYPE: Industrial BUYER: Ali Rowmein (@Rah_Money1) (@Mohammed.Ka1234) SELLER: Howard Horowitz BROKERS: Vito Angelo (@TheVitoAngeloShow) (@VitoAngeloSellsBrooklyn) (@TheRealEstateATeamProf) & Billy Apter - Re/Max SALE PRICE: $2,400,000 SF: 4,900 ~ PPSF: $489 NOTE FROM BROKER: Top Producing Agents! Your Home Maybe Worth More Than You Think! Call today to speak with One of our Top Selling Agents Vito Angelo ~ 718-887-5708 or Billy Apter ~ 347-721-6599 Free Real Estate Market Appraisal!

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

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69