Updated Oct 29, 2024
Jacob Kohn Acquires Development Site In Greenpoint For $14.9M
2 Clay St, Brooklyn, NY 11222, USA & 2 Clay St, Brooklyn, NY 11222, USA
Building Size
335,000 SF
Asset Type
Development Site
Closing
Apr 23, 2018
About this deal
AI
Located in Greenpoint, the development site at 19 Clay Street has been sold in a closed transaction. The property offers a great opportunity for future development. The sale took place on 06/16/2022.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $14,900,000
- Building Square Footage: 47,358
- Price per Building Square Foot: $314
- Address: 19 Clay Street
- Market: Greenpoint
The buyer of the property is Jacob Kohn, while the sellers are Nicole & Associates - Andru Coren. The deal was facilitated by Ceasar Salama and Izack Lati from KSR, who represented the buyer in the transaction.
On the Map
Development Site
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New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93