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252 Newport Street, Brownsv...

Updated Oct 28, 2024

S David Selznick's Warehouse In Brownsville, Brooklyn Sold For $16,638,750 To Andrew J Gregoire
SOLDOther

S David Selznick's Warehouse In Brownsville, Brooklyn Sold For $16,638,750 To Andrew J Gregoire

252 Newport Street, Brownsville, Brooklyn, NY, USA

$16,638,750

$241/SF

Building Size

69,000 SF

Asset Type

Other

Closing

Jun 23, 2021

About this deal

AI

An industrial warehouse located at 252 Newport Street in Brownsville, Brooklyn has been sold in a recent transaction. The property, zoned as M1-1, offers 69,000 square feet of space. The sale price for the warehouse was $16,638,750, resulting in a price per square foot of $241. The building has a total area of 15,000 square feet, with a price per buildable square foot of $1,109. The lot size measures 150 feet by 100 feet, with a total of 15,000 square feet. The previous sale of the property occurred on October 15, 2019, for a price of $20,750,000. A permit for alteration type 2 was issued on January 29, 2021.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $16,638,750
  • Market: Brownsville, Brooklyn
  • Address: 252 Newport Street
  • Zoning: M1-1
  • Square Footage: 69,000
  • Price per Square Foot: $241
  • Buildable Square Footage: 15,000
  • Price per Buildable Square Foot: $1,109
  • Lot Size: 15,000 square feet (150 ft x 100 ft)
  • Last Sale Price: $20,750,000 (10/15/2019)
  • Permits: Alteration type 2 (01/29/2021)

The buyer for this transaction is Andrew J Gregoire, while the seller is Kayne Capital - S David Selznick.

Players

Andrew J. Gregoire

Buyer

$28.1M

vol

2 deals

Buyer

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $241 per square foot on a published $16.6M for 69,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.95%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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