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333 North Henry Street

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

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

333 North Henry Street

$30,000,000

$483/SF

Building Size

62,000 SF

Asset Type

Industrial

Closing

Dec 16, 2024

AI

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

Robert Klein

Kalmon Dolgin Affiliates

Broker

$60M

vol

2 deals

Broker

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93