Updated Sep 14, 2026
Avery Hall Investments Acquires Gowanus Development Site For $30M
204 4th Ave, Brooklyn, NY 11217, USA
$30,000,000
$1,578/SF
Building Size
19,000 SF
Asset Type
Development Site
Closing
Nov 29, 2020
About this deal
AI
Located at 204 Fourth Avenue in Gowanus, this development site was recently sold in a closed transaction for $30,000,000. The property spans approximately 19,000 square feet, resulting in a price per square foot of $1,578.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $30,000,000
- Square Footage: 19,000
- Price per Square Foot: $1,578
- Address: 204 Fourth Avenue, Gowanus
Avery Hall Investments, represented by Brian Ezra and Avi Fisher, acquired the property from Speedway. The sellers were represented by Andrew Sasson and Chad Sinshemer of Ackman-Ziff, facilitating a successful transaction.
On the Map
$30,000,000
$1,578/SF
Development Site
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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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93