Updated Dec 21, 2023
Haim Kedmi Acquires Development Site In Greenpoint, Brooklyn For $1.35M
173 Kingsland Avenue, Brooklyn, New York 11222, United States
$1,350,000
$270/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Feb 9, 2022
About this deal
AI
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.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93