Travis Feehan And Susi Yu Acquire Industrial Property In Brooklyn For $12M With Daniel Lebor And Dan Marks As Buyer's Reps
SOLD
$12,000,000
New York
See Similar DealsIndustrial17,500 SF
Sold 12/19/2024
SOLD
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
See Similar DealsIndustrial17,500 SF
Sold 12/19/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$685
Total Square Footage:17,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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