Eric Inger Acquires 19,100 Square Foot Warehouse In Brooklyn From Fred Volcken For $6.15M
6700 Third Avenue
$6,150,000
$67/SF
Building Size
91,100 SF
Asset Type
Warehouse
Closing
Sep 24, 2026
About this deal
AI
A commercial asset located at 6700 Third Avenue in Brooklyn was recently sold. The transaction involved a warehouse and office building with a total square footage of 19,100. The sale price for the property was $6,150,000, equating to a price per square foot of $322.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $6,150,000
- Address: 6700 Third Avenue
- Market: Brooklyn
- Square Footage: 19,100
- Price per Square Foot: $322
- Buyer: Eric Inger
- Seller: Fred Volcken
- Brokerage: Jake Torre & Jason Grunberg - SAB Capital
The transaction was facilitated by brokers Jake Torre and Jason Grunberg from SAB Capital, who were brought in after the property had previously been marketed by another brokerage without success. After nearly two years of negotiations, the property was successfully closed with the assistance of a local end-user buyer, who had partnered with SAB Capital on several past deals.
On the Map
$6,150,000
$67/SF
Warehouse
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Players
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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93