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703 Third Avenue

Robert Aiello Sells Industrial Property At 703 Third Avenue Brooklyn For $4.7M With Broker Levi Junik
SOLDIndustrial

Robert Aiello Sells Industrial Property At 703 Third Avenue Brooklyn For $4.7M With Broker Levi Junik

703 Third Avenue

$4,700,000

$485/SF

Building Size

9,680 SF

Asset Type

Industrial

Closing

Apr 29, 2026

AI

The property asset involved in the transaction is an industrial asset located at 703 Third Avenue in the Brooklyn market. This property was sold for a total transaction amount of $4,700,000, featuring a total area of 9,680 square feet, which equates to a price per square foot of $485.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,700,000
  • SF: 9,680
  • PPSF: $485
  • Seller: Robert Aiello
  • Broker: Levi Junik - Pinnacle Realty of New York
  • Date of Transaction: 4/30/2026

The key individuals involved in this transaction include the seller, Robert Aiello, and the broker representing the sale, Levi Junik from Pinnacle Realty of New York. Their collaboration facilitated the completion of this transaction in the Brooklyn market.

Players

Levi Junik

Pinnacle Realty of New York

Broker

$4.7M

vol

2 deals

Broker

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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93