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
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