facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

909 Remsen Avenue Brooklyn,...

Updated Oct 29, 2024

Adar Ym Holdings LLC Acquires 88,000-SF Industrial Warehouse In Brooklyn For $28M
SOLDIndustrial

Adar Ym Holdings LLC Acquires 88,000-SF Industrial Warehouse In Brooklyn For $28M

909 Remsen Avenue Brooklyn, New York 11236, USA

$28,000,000

$318/SF

Building Size

88,000 SF

Asset Type

Industrial

Closing

Jun 15, 2023

About this deal

AI

Remsen Realty Associates, an investor group, has sold a two-story, 88,000-square-foot warehouse located at 909 Remsen Ave. in Brooklyn for $28 million. The property was purchased by Adar Ym Holdings LLC. The warehouse is situated at a prime location in Brooklyn and offers 88,000 square feet of space, making it a valuable asset in the industrial market. With a sale price of $28 million, the property's price per square foot comes out to be $318.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $28,000,000
  • Address: 909 Remsen Avenue
  • Market: Brooklyn
  • Square Footage: 88,000
  • Buyer: Adar Ym Holdings LLC
  • Seller: Remsen Realty Associates

The buyer, Adar Ym Holdings LLC, acquired the warehouse from seller Remsen Realty Associates. This transaction represents a significant investment opportunity for Adar Ym Holdings LLC to expand its industrial portfolio in Brooklyn. The purchase of this property demonstrates the buyer's confidence in the Brooklyn market and the potential for growth in the industrial sector. This deal was facilitated by Remsen Realty Associates, who acted as the seller's representative.

On the Map

Open live map

$28,000,000

$318/SF

Industrial

View full map

Players

HL
Holdings LLCBuyer
Bilt advertisement

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $318 per square foot on a published $28M for 88,000 square feet (2023).

Browse New York industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets