Avery Hall Investments Acquires Development Site On 272 4th Avenue, Brooklyn, Gowanus For $15M
272 4th Ave N, Tierra Verde, FL 33715, USA
$15,000,000
$839/SF
Building Size
17,872 SF
Asset Type
Development Site
Closing
Jun 2, 2019
AI
An off-market transaction for a development site in Brooklyn's Gowanus neighborhood has been completed. The property, located at 272 4th Avenue, was sold for a sale price of $15,000,000. The seller, Anthony Dimonda, successfully closed the deal with the buyer, Avery Hall Investments.
Summary of transation details
- Property Type: Development Site
- Sale Price: $15,000,000
- Address: 272 4th Avenue
- Market: Brooklyn, Gowanus
Leading the transaction were brokers David Marciano and Isaac Shabot from Kassin Sabbagh Realty. With their expertise, they navigated the deal between the seller and the buyer, ensuring a successful outcome for both parties involved.
It is worth noting that the property was sold in an off-market transaction, indicating a private and exclusive deal that may not have been available to the general public.
Players
Tierra Verde Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93