Updated May 12, 2025
Sells East New York Industrial Asset For $3.9M With Greiner-Maltz Real Estate
933 Stanley Avenue
$3,900,000
$402/SF
Building Size
9,700 SF
Asset Type
Industrial
Closing
Mar 21, 2025
About this deal
AI
The property asset involved in this transaction is an industrial space located at 933 Stanley Avenue in East New York, Brooklyn. The sale price for this property was $3,900,000, encompassing a total square footage of 9,700, which results in a price per square foot of $402.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 933 Stanley Avenue
- Market: East New York, Brooklyn
- Square Footage: 9,700
- Price Per Square Foot: $402
- Buyer's Representative: Eitan Hakami & Jonathan Rothstein - Greiner-Maltz Real Estate
- Seller's Representative: Tomas Shleiwet - Greiner-Maltz Real Estate
This transaction involved collaboration among three brokers at Greiner-Maltz Real Estate, including Eitan Hakami and Jonathan Rothstein representing the buyer, , while Tomas Shleiwet assisted the seller, , ensuring the successful closure of this sale.
On the Map
$3,900,000
$402/SF
Industrial
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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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93