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2752 West 15th Street

Brian Lynch Sells Industrial Property At 2752 West 15th Street For $4.5M With Brokers Bobby Lawrence DJ Johnston And Jack Sardar
SOLDIndustrial

Brian Lynch Sells Industrial Property At 2752 West 15th Street For $4.5M With Brokers Bobby Lawrence DJ Johnston And Jack Sardar

2752 West 15th Street

$4,500,000

$292/SF

Building Size

15,392 SF

Asset Type

Industrial

Closing

Aug 6, 2025

AI

The property asset involved in this transaction is an industrial property located at 2752 West 15th Street in Brooklyn, which has a sale price of $4,500,000. The property comprises a total square footage of 15,392 and a price per square foot of $292. It primarily consists of a single-story warehouse situated in the Coney Island neighborhood of South Brooklyn.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Address: 2752 West 15th Street
  • Market: Brooklyn
  • Seller: Brian Lynch
  • Buyer's Representative: Jack Sardar - Tri State Commercial Realty
  • Seller's Representatives: Bobby Lawrence & DJ Johnston - Matthews Real Estate Investment Services
  • Square Footage: 15,392
  • Price per Square Foot: $292

The deal involved multiple real estate professionals, with Matthews Real Estate Investment Services retained by the lender/owner to facilitate the REO sale. The buyer, represented by Jack Sardar of Tri State Commercial Realty, was an owner-user who acquired the property sight unseen. The sale process involved existing tenants, which restricted interior access to the property during the transaction.

Players

Bobby Lawrence

Matthews

Broker

$80.7M

vol

25 deals

Broker
Matthews
Matthews Brokerage

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93