Aby Rosen's RFR Holding Sells Gowanus Development Site To Tavros Capital And Charney Companies For $160M
175 3rd Street
$160,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 16, 2024
AI
The development site located at 175 3rd Street in the Gowanus neighborhood is currently under contract for a transaction amount of $160,000,000. This site has been identified as a major asset within the market, reflecting an increase from the $115,000,000 paid for it in 2018.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $160,000,000
- Buyer: Nicholas Silvers - Tavros Capital
- Buyer: Sam Charney - Charney Companies
- Seller: Aby Rosen - RFR Holding
- Broker: Andrew Sasson - Ackman-Ziff
- Address: 175 3rd Street
- Market: Gowanus
Aby Rosen's RFR Holding is executing the sale of the Gowanus development site, while Nicholas Silvers and Sam Charney represent the buying entities. The broker facilitating this transaction is Andrew Sasson from Ackman-Ziff, underscoring the collaboration among prominent figures and firms in the real estate industry.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93