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
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93