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13 Chester Street, Brownsvi...

Emily Kurtz Acquires Fireproof Warehouse In Brownsville,Brooklyn For $8.4M
SOLDOther

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

Emily Kurtz

Buyer

$49.9M

vol

4 deals

Buyer

Leslie Frank

Seller

$25.2M

vol

3 deals

Seller

Brooklyn Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

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