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:
- Property Type: Development Site
- Transaction Amount: $9,580,000
- Address: 200 South 3rd Street
- Market: Brooklyn
- BSF: 20,713
- PPBSF: $462
- Seller's Representatives: Bryan Hurley, Michael Decheser, Jonathan Squires, Josh Neustadter, and Austin Weiner - Cushman & Wakefield
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
Brooklyn 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
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93