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200 South 3rd Street

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

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

200 South 3rd Street

$9,580,000

Building Size

Asset Type

Development Site

Closing

Jan 21, 2025

AI

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

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.66%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93