Updated May 19, 2026
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
About this deal
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.
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