Updated Dec 21, 2023
Tavros Capital & Charney Companies Acquire Development Site In Brooklyn For $12.2M
251 Douglass St, Brooklyn, Ny 11217, Usa
$12,200,000
$321/SF
Building Size
38,000 SF
Asset Type
Development Site
Closing
Apr 14, 2020
About this deal
AI
A development site located at 251 Douglass Street in Brooklyn recently closed in a transaction. The property, which spans 38,000 square feet, was involved in the deal.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $12,200,000
- Market: Brooklyn
Leading the transaction were Tavros Capital, represented by Nicholas Silvers, and @CharneyCompanies, represented by Sam Charney. CIT Bank provided a loan amount of $12,200,000 for the deal.
The development site loan at 251 Douglass St, Brooklyn, Ny 11217, Usa in Brooklyn, Colorado financed for $12.2M in 2020. The building is 38,000 square feet, implying about 321 per square foot on the published price. This page is the Brooklyn, Colorado file for the 251 Douglass St, Brooklyn, Ny 11217, Usa development site financed: pricing, party profiles, and other closed development site comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn development site set by closing date to see what else financed near 251 Douglass St, Brooklyn, Ny 11217, Usa around 2020. Published consideration for 251 Douglass St, Brooklyn, Ny 11217, Usa is $12.2M, dated 2020. Cite this Tavros Capital & Charney Companies Acquire Development Site In Brooklyn For $12.2M loan when underwriting similar development site product around Brooklyn, Colorado.
Players
Brooklyn Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93