Kohn McNair Estate Sells Development Site At 104 Montgomery Street In Brooklyn For $9M
SOLD
$9,000,000
New York
See Similar DealsDevelopment Site37,468 SF
Sold
SOLD
Kohn McNair Estate Sells Development Site At 104 Montgomery Street In Brooklyn For $9M
104 Montgomery Street
See Similar DealsDevelopment Site37,468 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$240
Total Square Footage:37468 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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