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205 Java Street, Brooklyn, ...

Nir Ben Horin Acquires Development Site At 205 Java St. In Greenpoint, Brooklyn For $2.6M
SOLDDevelopment Site

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

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).

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$228M

vol

62 deals

Broker
Donal Flaherty
Verified Badge

Donal Flaherty

Investment Property Realty Group (IPRG)

Broker

$367.7M

vol

101 deals

Broker

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