Updated Dec 27, 2024
Kohn McNair Estate Sells Development Site At 104 Montgomery Street In Brooklyn For $9M
104 Montgomery Street
$9,000,000
$240/SF
Building Size
37,468 SF
Asset Type
Development Site
Closing
Dec 19, 2024
About this deal
AI
A development site located at 104 Montgomery Street in Brooklyn has been sold. The transaction was completed for a sale price of $9,000,000, and the asset covers an area of 37,468 square feet, resulting in a price per square foot of $240.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,000,000
- Address: 104 Montgomery Street
- Market: Brooklyn
- Seller: Kohn McNair Estate
- Broker: Erik Rodriguez - Rodriguez Commercial Realty
Erik Rodriguez, representing Rodriguez Commercial Realty, facilitated the transaction for the Kohn McNair Estate, ensuring the deal was successfully completed in the Brooklyn market.
On the Map
$9,000,000
$240/SF
Development Site
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Brooklyn 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93