Jacob Kohn Acquires Development Site In Greenpoint For $14.9M
19 Clay Street, Brooklyn, New York 11222, United States
$14,900,000
$314/SF
Building Size
47,358 SF
Asset Type
Development Site
Closing
Jun 15, 2022
AI
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.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93