facebook
Traded Co logo
Submit

Bridge Logistics Properties Acquires Industrial Asset From Jovani For $30 Million In Brooklyn

Property Image
SOLD
$30,000,000

New York

See Similar Deals
Industrial62,000 SF
Sold 12/16/2024
the dealplayerscompscontact
Property Image
SOLD

Bridge Logistics Properties Acquires Industrial Asset From Jovani For $30 Million In Brooklyn

333 North Henry Street

See Similar Deals
Industrial62,000 SF
Sold 12/16/2024
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$483
Total Square Footage:62,000 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 333 North Henry Street in Brooklyn. The sale price was $30,000,000, and the property has a total square footage of 62,000, resulting in a price per square foot of $483.

Summary of transaction details:

This transaction involved broker representatives Jeffrey Unger and Bob Klein, who represented the seller, Jovani, in the sale. The involvement of Bridge Logistics Properties as the buyer signifies the asset's strategic value in the industrial market.

Players

Jeffrey (Jeff) Unger
4 deals$60M volume(917) 971-0995
BROKER

Robert (Bob) Klein
Kalmon Dolgin Affiliates
2 deals$60M volume(347) 390-1124
BROKER

Details

SOLD
IMAGE: Jeffrey Unger, Mac Lee & Bob Klein DATE: 12/16/2024 ADDRESS: 333 North Henry Street MARKET: Brooklyn ASSET TYPE: Industrial BUYER: Bridge Logistics Properties (@BLP_BridgeLogistics) SELLER: Jovani BROKERS: Jeffrey Unger & Bob Klein - Kalmon Dolgin Affiliates (@KalmonDolgin) SALE PRICE: $30,000,000 SF: 62,000 ~ PPSF: $483

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66