Jacob Kohn Acquires Development Site In Greenpoint For $14.9M
SOLD
$14,900,000
New York
See Similar DealsDevelopment Site47,358 SF
Sold 06/16/2022
SOLD
Jacob Kohn Acquires Development Site In Greenpoint For $14.9M
19 Clay Street, Brooklyn, New York 11222, United States
See Similar DealsDevelopment Site47,358 SF
Sold 06/16/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$314
Total Square Footage:47,358 SF
Transaction Type:Sale
A development site located at 19 Clay Street in Greenpoint was recently sold for $14,900,000. The property has a building square footage (BSF) of 47,358, resulting in a price per square foot (PPSF) of $314. The transaction took place on June 16, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $14,900,000
- Address: 19 Clay Street
- Market: Greenpoint
- Buyer: Jacob Kohn
- Seller: Nicole & Associates - Andru Coren
- Brokers: Ceasar Salama & Izack Lati - KSR
- BSF: 47,358
- PPSF: $314
The buyer in this transaction was Jacob Kohn, while the seller was Nicole & Associates, represented by Andru Coren. The deal was facilitated by brokers Ceasar Salama and Izack Lati from KSR.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$794,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,936.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,633.60
Annual Debt Service$847,603.22
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