facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

200 Seigel Street

Travis Feehan And Susi Yu Acquire Industrial Property In Brooklyn For $12M With Daniel Lebor And Dan Marks As Buyer's Reps
SOLDIndustrial

Travis Feehan And Susi Yu Acquire Industrial Property In Brooklyn For $12M With Daniel Lebor And Dan Marks As Buyer's Reps

200 Seigel Street

$12,000,000

$685/SF

Building Size

17,500 SF

Asset Type

Industrial

Closing

Dec 19, 2024

AI

This industrial asset located at 200 Seigel Street in Brooklyn features a total size of 17,500 square feet and was sold for $12,000,000, reflecting a price per square foot of $685.

Summary of transaction details:

In this transaction, Bungalow Projects was represented by Daniel Lebor and Dan Marks, while the seller was represented by Jerry Chuanyung Wang of Fact Real Estate. The involvement of these parties facilitated the successful sale of the property.

Players

Daniel Lebor

Terra CRG

Broker

$986.7M

vol

50 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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93