Yeter Sisman Purchases Industrial Property From James Macaluso In Brooklyn For $1.45M
2123 Mill Avenue
$1,450,000
$181/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Mar 13, 2025
AI
This industrial property located at 2123 Mill Avenue in Brooklyn was sold for $1,450,000. The total area of the asset measures 8,000 square feet, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,450,000
- Address: 2123 Mill Avenue
- Market: Brooklyn
- Buyer: Yeter Sisman
- Seller: James Macaluso
- Broker: Robert Finnerty - Findor
Robert Finnerty, representing the broker agency Findor in this transaction, can be contacted for further inquiries regarding off-market industrial opportunities in Brooklyn at 732-856-7386, 646-276-1280, or via email at Rob@findor.org.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93