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
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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