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145 18th St, Brooklyn, NY, ...

SNL Storage Acquires Property In Brooklyn For $6.5M With Seller's Rep Junji Miyake
SOLDWarehouse

SNL Storage Acquires Property In Brooklyn For $6.5M With Seller's Rep Junji Miyake

145 18th St, Brooklyn, NY, 11215

$6,500,000

$392/SF

Building Size

16,577 SF

Asset Type

Warehouse

Closing

Nov 20, 2023

AI

The property at 145 18th Street, located in Brooklyn, NY, has been sold for $6,500,000.00. This brick warehouse measures 16,577 square feet and is situated in Brooklyn's Greenwood Heights neighborhood. According to local zoning regulations, the property allows for 33,154 buildable square feet of commercial development.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $6,500,000.00
  • Address: 145 18th St, Brooklyn, NY, 11215
  • Market: Brooklyn
  • Square Footage: 16,577 SF
  • Buyer: SNL Storage
  • Seller: Adel Rootstein USA
  • Seller's Representative: Junji Miyake (Cushman & Wakefield)

In this transaction, Cushman & Wakefield represented the seller, with Junji Miyake, Winfield Clifford, and William Barrett involved in facilitating the deal. The buyer, SNL Storage, now owns the property, which is near various retailers, including Costco, Home Depot, and Lowe’s.

Players

Winfield Clifford

JLL

Broker

$2.6B

vol

75 deals

Broker
SS
SNL StorageBuyer

Brooklyn Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93