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272 4th Ave N, Tierra Verde...

Avery Hall Investments Acquires Development Site On 272 4th Avenue, Brooklyn, Gowanus For $15M
SOLDDevelopment Site

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

David Marciano

Alpha Realty

Broker

$67.1M

vol

9 deals

Broker
Westbridge Realty Group
Westbridge Realty GroupBrokerage

Tierra Verde Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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