Peter Nie Acquires Condo In Dumbo, Brooklyn For $5.1M
168 Plymouth Street, Dumbo, Brooklyn, NY, USA
$5,125,000
$2,174/SF
Building Size
2,357 SF
Asset Type
—
Closing
Nov 10, 2021
About this deal
AI
The condo located at 168 Plymouth Street, Dumbo, Brooklyn was recently sold for a sale price of $5,125,000. The property spans across 2,357 square feet, resulting in a price per square foot of $2,174. The transaction took place on 11/10/2021 and the buyer was Peter Nie. The seller of the condo was Alloy Development, with Jared Della Valle representing the company. The deal was facilitated by broker Devin Someck from Living New York.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $5,125,000
- Address: 168 Plymouth Street, Dumbo, Brooklyn
- Square Footage: 2,357
- Price per Square Foot: $2,174
- Date: 11/10/2021
- Buyer: Peter Nie
- Seller: Alloy Development - Jared Della Valle
- Broker: Devin Someck - Living New York
The sale of this condo marks a significant transaction in the Dumbo, Brooklyn area. Both buyer and seller, Peter Nie and Alloy Development respectively, were represented by their broker representatives in the deal, with Devin Someck from Living New York representing the buyer. This transaction highlights the value of the property and the demand for condos in this thriving neighborhood.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $5.1M for 2,357 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.10%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93