Emily Kurtz Acquires Warehouse In Brownsville, Brooklyn For $8.4M
340 Rockaway Avenue, Brownsville, Brooklyn, NY, USA
$8,400,000
$2,987/SF
Building Size
2,812 SF
Asset Type
Other
Closing
Jun 1, 2021
AI
A warehouse located at 340 Rockaway Avenue in Brownsville, Brooklyn has been sold in a recent transaction. The property, classified as R6, C2-3, offers a total building square footage (BSF) of 3,796. The purchase price for this warehouse was $8,400,000, resulting in a price per BSF (PPBSF) of $2,212. The property also has a total square footage (SF) of 2,812, with a price per SF (PPSF) of $2,987. The lot size is 1,562 with dimensions of 18.75 ft x 81.92 ft.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $8,400,000
- Market: Brownsville, Brooklyn
- Buyer: Emily Kurtz
- Seller: Leslie Frank
- BSF: 3,796
- PPBSF: $2,212
- SF: 2,812
- PPSF: $2,987
- FAR: 1.80
- Tax Class: 4
- Lot Size: 1,562
- Lot Dimensions: 18.75 ft x 81.92 ft
Emily Kurtz served as the buyer in this transaction, while Leslie Frank acted as the seller. The property represents a successful deal in the Brownsville, Brooklyn market.
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