Updated Oct 29, 2024
Domain Companies Acquires Industrial Building In Brooklyn For $47.5M
420 Carroll St, Brooklyn, NY 11215, USA
Building Size
650,000 SF
Asset Type
MultiFamily
Closing
Feb 13, 2018
About this deal
AI
An industrial building located at 420 Carroll Street in Brooklyn, New York has been sold in a closed transaction. The property, measuring 65,000 square feet, was purchased for a price of $47,500,000. The sale price translates to a cost of $730 per square foot.
Summary of transaction details
- Property Type: Industrial Building
- Address: 420 Carroll Street, Brooklyn, New York
- Market: Brooklyn
- Square Footage: 65,000 sf
- Transaction Amount: $47,500,000
The seller of the property was Property Markets Group, represented by Kevin Maloney. The buyer, Domain Companies, was represented by Chris Papamichael and Matthew Schwartz.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93