Jimmy Sidiropoulus Acquires Sunset Park Warehouse From Bernard J Lax For $3.975M
4415 1st Avenue, Sunset Park, Brooklyn, NY, USA
$3,975,000
$530/SF
Building Size
7,500 SF
Asset Type
Other
Closing
May 13, 2021
About this deal
AI
A warehouse located at 4415 1 Avenue in Sunset Park, Brooklyn has been sold. The property is zoned as M3-1 and has a lot size of 7,492 square feet with dimensions of 50 ft x 150 ft. The buyer of the warehouse is Jimmy Sidiropoulus and the seller is Bernard J Lax. The transaction took place on May 14, 2021.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $3,975,000
- Market: Sunset Park, Brooklyn
- Building Square Footage: 15,000
- Price per Building Square Foot: $265
- Lot Square Footage: 7,492
- Price per Square Foot: $530
The warehouse has a floor area ratio (FAR) of 1.00 and falls under tax class 4. Please note that no additional details were provided regarding financing or any other parties involved in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.99%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93