Updated Jan 17, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 200 Seigel Street
- Market: Brooklyn
- Square Footage: 17,500
- Price Per Square Foot: $685
- Buyers: Travis Feehan & Susi Yu - Bungalow Projects
- Buyer's Representatives: Daniel Lebor & Dan Marks - Terra CRG
- Seller's Representative: Jerry Chuanyung Wang - Fact Real Estate
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
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93