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336 Rockaway Avenue, Browns...

Emily Kurtz Acquires Warehouse In Brownsville, Brooklyn From Leslie Frank For $8.4M
SOLDOther

Emily Kurtz Acquires Warehouse In Brownsville, Brooklyn From Leslie Frank For $8.4M

336 Rockaway Avenue, Brownsville, Brooklyn, NY, USA

$8,400,000

$1,210/SF

Building Size

6,942 SF

Asset Type

Other

Closing

Jun 1, 2021

AI

The warehouse located at 336 Rockaway Avenue in Brownsville, Brooklyn has been sold in a recent transaction. The property, with a lot size of 6,942 square feet, features a total building square footage (BSF) of 16,869. The price for this sale was $8,400,000, resulting in a price per square foot (PPSF) of $1,210. The property is zoned as R6 and C2-3, allowing for potential flexibility in its use. The transaction took place on June 2, 2021. The property's floor area ratio (FAR) is 1.00, and it falls under tax class 4. The seller of this warehouse is Leslie Frank, and the buyer is Emily Kurtz.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $8,400,000
  • Market: Brownsville, Brooklyn
  • Zoning: R6, C2-3
  • Lot Size: 6,942 SF
  • BSF: 16,869
  • PPSF: $1,210
  • Transaction Date: June 2, 2021
  • Seller: Leslie Frank
  • Buyer: Emily Kurtz

The warehouse at 336 Rockaway Avenue was previously subject to an alteration permit of type 2, granted on November 25, 2009. The lot dimensions measure 112.17 feet by 85.75 feet, providing ample space for various purposes.

Players

Emily Kurtz

Buyer

$49.9M

vol

4 deals

Buyer

Leslie Frank

Seller

$25.2M

vol

3 deals

Seller

New York 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