ExtraSpace Acquires Warehouse In Crown Heights From LSC Development For $22.8M
155 Empire Blvd, Brooklyn, NY 11225, USA
$22,844,124
$36/SF
Building Size
624,900 SF
Asset Type
Other
Closing
Dec 5, 2019
About this deal
AI
The warehouse located at 155 Empire Boulevard in Crown Heights has been sold for a total price of $22,844,124. The property spans across 62,490 square feet, resulting in a price per square foot of $365.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $22,844,124
- Size: 62,490 square feet
- Price per square foot: $365
- Address: 155 Empire Boulevard, Crown Heights
- Market: Crown Heights
The buyer of this warehouse property is ExtraSpace, while the seller is LSC Development represented by John Nikolich.
On the Map
$22,844,124
$36/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93