Updated Dec 20, 2023
Franciszek Chlebek Acquires Development Site In Greenpoint, BK For $1.8M
111 Java St, Greenpoint, Brooklyn, NY, USA
$1,800,000
$360/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Mar 17, 2019
About this deal
AI
The development site located at 111 Java St in Greenpoint, Brooklyn has been sold for $1.8 million. The property has a total square footage of 5,000 with a price per square foot of $360. The lot dimension measures 25 feet by 100 feet. The transaction took place on March 18, 2019.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1.8 million
- Seller: Lori & Robert Jones III
- Buyer: Franciszek Chlebek
- Brokers: Derek Bestreich, Luke Sproviero, Hakeem Lecky, Justin Zeitchik, Donal Flaherty
- Address: 111 Java St, Greenpoint, BK
- Market: Greenpoint, BK
The brokers who facilitated the sale of the property are Derek Bestreich, Luke Sproviero, Hakeem Lecky, Justin Zeitchik, and Donal Flaherty from BRG Commercial Real Estate. They represented both the seller, Lori & Robert Jones III, and the buyer, Franciszek Chlebek, in this transaction.
Players
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93