Updated Feb 16, 2024
Development Site In Williamsburg Sold For $42.5M With Brokers Daniel Lebor & Dan Marks - TerraCRG
575 Grand Street, Brooklyn, New York 11211, United States
$42,500,000
$4,985/SF
Building Size
8,525 SF
Asset Type
Commercial
Closing
Mar 21, 2022
About this deal
AI
A development site located at 575 Grand St. in Williamsburg was recently sold for a transaction amount of $42,500,000. The property has a building square footage (BSF) of 110,000 and a price per building square footage (PPBSF) of $386.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $42,500,000
- Address: 575 Grand St.
- Market: Williamsburg
- BSF: 110,000
- PPBSF: $386
The sale was facilitated by Daniel Lebor & Dan Marks from TerraCRG.
The commercial sale at 575 Grand Street, Brooklyn, New York 11211, United States in New York, New York sold for $42.5M in 2022. The building is 8,525 square feet, implying about 5K per square foot on the published price. Daniel (Dan) Lebor, Dan Marks, Terra CRG appear on the sale alongside Terra CRG. This page is the New York, New York file for the 575 Grand Street, Brooklyn, New York 11211, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same New York sit in the Market section below. Filter that New York commercial set by closing date to see what else sold near 575 Grand Street, Brooklyn, New York 11211, United States around 2022. Published consideration for 575 Grand Street, Brooklyn, New York 11211, United States is $42.5M, dated 2022. Cite this Development Site In Williamsburg Sold For $42.5M With Brokers Daniel Lebor & Dan Marks - TerraCRG sale when underwriting similar commercial product around New York, New York.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93