Updated Dec 26, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Address: 333 North Henry Street
- Market: Brooklyn
- Square Footage: 62,000
- Price per Square Foot: $483
- Buyer: Bridge Logistics Properties
- Seller: Jovani
- Brokers: Jeffrey Unger & Bob Klein - Kalmon Dolgin Affiliates
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.
On the Map
$30,000,000
$483/SF
Industrial
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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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93