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
New York 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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93