Updated Dec 21, 2023
Nir Ben Horin Acquires Development Site At 205 Java St. In Greenpoint, Brooklyn For $2.6M
205 Java Street, Brooklyn, New York 11222, United States
$2,625,000
$350/SF
Building Size
7,500 SF
Asset Type
Development Site
Closing
Mar 16, 2022
About this deal
AI
A development site located at 205 Java St. in Greenpoint, Brooklyn has been sold in a closed transaction. The transaction took place on 03/17/2022, and the property was sold for a price of $2,625,000. The development site has a buildable square footage (BSF) of 7,500 and a price per buildable square foot (PPBSF) of $350.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,625,000
- Buildable Square Footage (BSF): 7,500
- Price per Buildable Square Foot (PPBSF): $350
- Address: 205 Java St., Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
The buyer of the development site is Nir Ben Horin, and the seller is Mark Juszczak. The deal was facilitated by brokers Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, Corey Haynes, and Mitch Gordon from Bestreich Realty Group (BRG).
On the Map
$2,625,000
$350/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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93