Updated Dec 21, 2023
Takashi Murakami Acquires Industrial Property In East Williamsburg For $4.6M
East Williamsburg, New York City, New York, United States
$4,600,000
$557/SF
Building Size
8,250 SF
Asset Type
Industrial
Closing
Jul 5, 2022
About this deal
AI
Located in East Williamsburg, the industrial property on Grattan Street recently changed hands in a closed transaction. The property spans 8,250 square feet and was sold for a total price of $4,600,000, resulting in a price per square foot of $560. The sale took place on July 6th, 2022. The asset type of the property is industrial.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Square Footage: 8,250
- Price Per Square Foot: $560
- Market: East Williamsburg
Takashi Murakami, a contemporary artist, purchased the industrial property from Baudin Canka. The deal was finalized without any additional information available. Takashi Murakami represented himself in the transaction as the buyer.
Players
New York 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93