Updated Sep 5, 2024
Meridian Capital Group Brokers David Ravvin, Amit Doshi & Shallini Mehra Facilitate $5.8M Sale Of Development Site In Greenpoint, Brooklyn
15-17 Clay Street, Brooklyn, New York 11222, United States
$5,800,000
Building Size
—
Asset Type
Development Site
Closing
Aug 16, 2022
About this deal
AI
A development site in Greenpoint, Brooklyn has been sold for $5,800,000. The property is located at 15-17 Clay Street & 56-58 Commercial Street. The transaction took place on August 17, 2022. The asset type of the property is a development site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,800,000
The sale of this development site was facilitated by David Ravvin, Amit Doshi, and Shallini Mehra from the Meridian Capital Group. They acted as the brokers for both the buyer and the seller in this transaction.
On the Map
$5,800,000
Development Site
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Players
New York 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93