Updated Sep 5, 2024
Louis Silverman, Guthrie Garvin, Ethan Stanton, Michael Gembecki, Brendan Maddigan And Victor G. Alicea Acquire Development Site In Williamsburg, Brooklyn For $31.1M
186 N 6th St, Brooklyn, NY 11211, USA
$30,000,000
$436/SF
Building Size
68,700 SF
Asset Type
Development Site
Closing
Apr 5, 2018
About this deal
AI
The development site located at 186 North 6th Street in Williamsburg, Brooklyn has been sold for a price of $31,100,000. Spanning across a total of 68,700 square feet, this property offers a lucrative opportunity for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $31,100,000
- Loan Amount: $30,000,000
- Address: 186 North 6th Street, New York
- Market: Williamsburg, Brooklyn
The deal was facilitated by Louis Silverman, Guthrie Garvin, Ethan Stanton, Michael Gembecki, Brendan Maddigan, and Victor G. Alicea. Their expertise and representation were crucial in ensuring the successful completion of this transaction. The involvement of these individuals showcases their dedication and commitment to their clients.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93