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

Property Image
SOLD
$6,500,000
Winfield Clifford
Junji Miyake
William Barrett

New York

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Warehouse16,577 SF
the dealplayerscompscontact
Property Image
SOLD

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

145 18th St, Brooklyn, NY, 11215

See Similar Deals
Warehouse16,577 SF
Winfield Clifford
Junji Miyake
William Barrett
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Warehouse
Price Per Square Foot:$392
Total Square Footage:16,577 SF
Transaction Type:Sale

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
Winfield Clifford
75 deals$2.6B volume(212) 376-5443
BROKER
Junji Miyake
Cushman & Wakefield
Junji Miyake
3 deals$6.5M volume(646) 415-2610
BROKER
William Barrett
Cushman & Wakefield
William Barrett
2 deals$19.3M volume(718) 606-7047
BROKER
SS
SNL Storage
BUYER

Details

SOLD
IMAGE: 145 18th St, Brooklyn, NY, 11215 MARKET: Brooklyn SELLER'S REP: Junji Miyake(Cushman & Wakefield) BUYER: SNL Storage SELLER: PRICE: $6,500,000.00 SF: 16577

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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