Updated Dec 21, 2023
Abraham Klienman Acquires Development Site In East Williamsburg, BK For $1.35M
20 Cook Street, Brooklyn, NY, USA
$1,350,000
$169/SF
Building Size
7,990 SF
Asset Type
Development Site
Closing
Mar 26, 2019
About this deal
AI
A development site located at 20 Cook St in East Williamsburg, Brooklyn has been sold for a price of $1,350,000. The property has a buildable square footage (BSF) of 7,990, resulting in a price per square foot (PPSF) of $168.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,350,000
- BSF: 7,990
- PPSF: $168
- Address: 20 Cook St, East Williamsburg, BK
- Market: East Williamsburg, BK
John Jeffery was the seller of the property, while Abraham Klienman was the buyer. The transaction was facilitated with the assistance of broker Gabrielle Dame.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93