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MJD Holdings LLC Sells East New York Industrial Asset For $3.9M With Greiner-Maltz Real Estate

Property Image
SOLD
$3,900,000

New York

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Industrial9,700 SF
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SOLD

MJD Holdings LLC Sells East New York Industrial Asset For $3.9M With Greiner-Maltz Real Estate

933 Stanley Avenue

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Industrial9,700 SF
Sold
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$402
Total Square Footage:9700 SF
Transaction Type:Sale

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:

This transaction involved collaboration among three brokers at Greiner-Maltz Real Estate, including Eitan Hakami and Jonathan Rothstein representing the buyer, Harp – Williams Realty LLC, while Tomas Shleiwet assisted the seller, MJD Holdings LLC, ensuring the successful closure of this sale.

Players

Eitan Hakami
9 deals$19.6M volume(917) 716-7751
BROKER

Tomas Shleiwet
Greiner-Maltz Real Estate
4 deals$35.9M volume(718) 786-5050
BROKER

Jonathan Rothstein
Greiner-Maltz Real Estate
1 deal$3.9M volume(516) 279-7198
BROKER

Details

SOLD
IMAGE: Eitan Hakami, Tomas Shleiwet & Jonathan Rothstein DATE: 03/21/2025 ADDRESS: 933 Stanley Avenue MARKET: East New York, Brooklyn ASSET TYPE: Industrial BUYER'S REP: Eitan Hakami & Jonathan Rothstein - Greiner-Maltz Real Estate (@GreinerMaltz) SELLER'S REP: Tomas Shleiwet (@Tomas.Shleiwet) - Greiner-Maltz Real Estate SALE PRICE: $3,900,000 SF: 9,700 ~ PPSF: $402 NOTE FROM BUYER'S REP: Three brokers at Greiner-Maltz Real Estate collaborated to facilitate this $3.9M East New York sale transaction between MJD Holdings LLC (Seller) and Harp – Williams Realty LLC (Buyer), with Tomas Shleiwet representing the Seller and Eitan Hakami and Jonathan Rothstein representing the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88