Haim Kedmi Acquires Development Site In Greenpoint, Brooklyn For $1.35M
SOLD
$1,350,000
+ 1
New York
See Similar DealsDevelopment Site5,000 SF
Sold 02/10/2022
SOLD
Haim Kedmi Acquires Development Site In Greenpoint, Brooklyn For $1.35M
173 Kingsland Avenue, Brooklyn, New York 11222, United States
See Similar DealsDevelopment Site5,000 SF
Sold 02/10/2022
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$270
Total Square Footage:5,000 SF
Transaction Type:Sale
A development site located at 173 Kingsland Avenue in Greenpoint, Brooklyn has been sold for a price of $1,350,000. The property spans 5,000 square feet and offers a price per buildable square foot of $270.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,350,000
- Address: 173 Kingsland Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
- Buyer: Haim Kedmi
- Brokers: Shaun Riney, Mike Salvatico, and Sam Leppo (NYM Group) - Marcus & Millichap
The buyer, Haim Kedmi, was represented by the brokerage team of Shaun Riney, Mike Salvatico, and Sam Leppo from NYM Group operating under Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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