Sam Brach Acquires Development Site In Gowanus, Brooklyn For $1.47M
183A 13th St, Brooklyn, NY 11215, USA
$1,470,000
$29/SF
Building Size
50,000 SF
Asset Type
Development Site
Closing
Jan 13, 2020
AI
The development site located at 183A 13th Street in Gowanus, Brooklyn has been sold for a sale price of $1,470,000. The property offers a total buildable square footage (BSF) of 5,000 square feet, resulting in a price per buildable square footage (PPBSF) of $294.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,470,000
- Address: 183A 13th Street
- Market: Gowanus, Brooklyn
- BSF: 5,000
- PPBSF: $294
The seller of the property was Philip Scafuri, while the buyer was Sam Brach. The transaction was facilitated by the Bestreich Realty Group (BRG) with Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring representing the buyer and seller.
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
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93