Updated Sep 5, 2024
Compass Represents Buyer In $2.5M Williamsburg Development Site Sale
101 S 4th St Brooklyn, NY 11249, USA
$2,475,000
$589/SF
Building Size
4,200 SF
Asset Type
Development Site
Closing
Aug 21, 2023
About this deal
AI
A development site located at 101 South 4th Street in Williamsburg, Brooklyn has been sold for a total of $2,475,000. Spanning across 4,200 square feet, the property offers a price per square foot of $589. The transaction took place on 08/21/2023.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,475,000
- Square Footage: 4,200
- Price per Square Foot: $589
- Address: 101 South 4th Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
The seller of the development site was Parveen Sultan, represented by Daniel Barcelowsky of Evergreen Realty & Investments. On the buyer's side, Iryna Ferenets from Compass acted as the representative. They played vital roles in facilitating the successful completion of the transaction.
Players
Market 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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93