Emily Kurtz Acquires Fireproof Warehouse In Brownsville,Brooklyn For $8.4M
13 Chester Street, Brownsville, Brooklyn, NY, USA
$8,400,000
$3,733/SF
Building Size
2,250 SF
Asset Type
Other
Closing
Jun 1, 2021
AI
A fireproof warehouse located at 13 Chester Street in Brownsville, Brooklyn, has been sold in a recent transaction. The property, classified as an E1 fireproof warehouse with R6 and C2-3 zoning, spans a total of 2,250 square feet. The sale took place on June 2, 2021, with an agreed-upon price of $8,400,000. This equates to a price per square foot of $3,733. The previous sale of the property occurred on December 17, 2004, with a significantly lower sale price of $56,000.
Summary of transaction details:
- Property Type: Fireproof Warehouse (E1) ~ R6, C2-3
- Transaction Amount: $8,400,000
- Address: 13 Chester Street, Brownsville, Brooklyn
- Square Footage: 2,250
- Price per Square Foot: $3,733
- Buyer: Emily Kurtz
- Seller: Leslie Frank
- Last Sale Price: $56,000
- Last Sale Date: December 17, 2004
Emily Kurtz was the buyer in this transaction, while Leslie Frank served as the seller. The sale of the fireproof warehouse marks a significant increase in value since its last purchase in 2004. It represents an opportunity for growth and development in the Brownsville market. The buyer and seller negotiated an agreed-upon price of $8,400,000 for the property, with a price per square foot of $3,733.
Players
Brooklyn Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93