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.
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