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100 South 9th Street, Brook...

Double U Realty Acquires Development Site In Williamsburg For $14.1M
SOLDDevelopment Site

Double U Realty Acquires Development Site In Williamsburg For $14.1M

100 South 9th Street, Brooklyn, New York 11249, United States

$14,100,000

$331/SF

Building Size

42,525 SF

Asset Type

Development Site

Closing

Aug 1, 2022

AI

The Roman Catholic Church of the Epiphany has sold a development site located at 100 South 9th Street, 96 South 9th Street, and 98 South 9th Street in Williamsburg. The property was purchased by Double U Realty for a total sale price of $14,100,000. The development site spans a total of 42,525 square feet, resulting in a price per buildable square foot (PPBSF) of $331.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $14,100,000
  • Address: 100 South 9th Street, 96 South 9th Street, and 98 South 9th Street
  • Market: Williamsburg
  • Buyer: Double U Realty
  • Seller: Roman Catholic Church of the Epiphany
  • BSF: 42,525
  • PPBSF: $331

Double U Realty emerged as the buyer in this transaction, acquiring the development site from the Roman Catholic Church of the Epiphany. The purchase price for the property amounted to $14,100,000. The site, located at 100 South 9th Street, 96 South 9th Street, and 98 South 9th Street in the Williamsburg market, spans a total of 42,525 square feet, making the price per buildable square foot (PPBSF) $331.

Players

DR
Double U RealtyBuyer

New York 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93