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Cushman & Wakefield Represents Seller In $9.58M Development Site Sale At 200 South 3rd Street Brooklyn

Property Image
SOLD
$9,580,000
Josh Neustadter
Jonathan Squires
+ 2

New York

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Development Site
Sold 01/21/2025
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Property Image
SOLD

Cushman & Wakefield Represents Seller In $9.58M Development Site Sale At 200 South 3rd Street Brooklyn

200 South 3rd Street

See Similar Deals
Development Site
Sold 01/21/2025
Josh Neustadter
Jonathan Squires
+ 2
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The asset involved in this transaction is a development site located at 200 South 3rd Street in Brooklyn. The sale price for the property was $9,580,000, with a building square footage (BSF) of 20,713 and a price per buildable square foot (PPBSF) of $462.

Summary of transaction details:

The representatives involved in this deal were Bryan Hurley, Michael Decheser, Jonathan Squires, Josh Neustadter, and Austin Weiner, all associated with Cushman & Wakefield. For further inquiries regarding the sale or potential development sites, interested parties can reach out directly to Bryan Hurley at [email protected] or by calling 212-660-7706.

Players

Josh Neustadter
60 deals$545.5M volume(212) 660-7739
BROKER

Bryan Hurley
Cushman & Wakefield
42 deals$428.3M volume(212) 660-7706
BROKER

Jonathan Squires
Cushman & Wakefield
93 deals$712.3M volume(917) 445-0022
BROKER

Michael Decheser
Cushman & Wakefield
41 deals$363.4M volume(917) 974-9207
BROKER

Austin Weiner
Cushman & Wakefield
37 deals$281.6M volume
BROKER

Details

SOLD
IMAGE: Bryan Hurley, Michael Decheser, Jonathan Squires, Josh Neustadter & Austin Weiner DATE: 01/21/2025 ADDRESS: 200 South 3rd Street MARKET: Brooklyn ASSET TYPE: Development Site SELLER'S REP: Bryan Hurley (@BFHurley3), Michael Decheser (@MichaelFDeCheser), Jonathan Squires, Josh Neustadter (@Josh_Neust) & Austin Weiner (@AustinWeiner) - Cushman & Wakefield (@CushWake) SALE PRICE: $9,580,000 BSF: 20,713 ~ PPBSF: $462 NOTE FROM BROKERS: If you are looking to buy/sell any development sites or want more information on the sale of 200 S 3rd St feel free to reach out. Contact details are below. Bryan Hurley [email protected] 212-660-7706

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$510,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,035.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,414.09
Annual Debt Service$544,969.05