Updated Oct 25, 2024
David Kramer Acquires Development Site In Williamsburg For $12.2M
254 N 9th St, Brooklyn, NY 11211, USA
Building Size
135,000 SF
Asset Type
Development Site
Closing
Apr 7, 2018
About this deal
AI
A development site located at 1-7 Withers Street in Williamsburg has been sold for a total of $12,201,000. The property was sold on December 28, 2022. The transaction involved a buyer named David Kramer and a seller named Joel Schwartz.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,201,000
- Address: 1-7 Withers Street, Williamsburg
David Kramer acted as the buyer in this deal, representing himself. On the other hand, Joel Schwartz acted as the seller.
Traded’s record for 254 N 9th St, Brooklyn, NY 11211, USA in New York, New York covers a development site sale from 2018. The building is 135,000 square feet, implying about 0 per square foot on the published price. Vickram Jambu, Chris Varjan, Joel Schwartz, David Kramer appear on the sale alongside Lee & Associates, JLL. This page is the New York, New York file for the 254 N 9th St, Brooklyn, NY 11211, USA development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 254 N 9th St, Brooklyn, NY 11211, USA around 2018. Cite this David Kramer Acquires Development Site In Williamsburg For $12.2M sale when underwriting similar development site product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93