Sam Alison-Mayne Acquires Development Site In Downtown Brooklyn For $12.5M With JLL Brokers
219 Jay St, Brooklyn, NY 11201, USA
$12,500,000
$333/SF
Building Size
37,500 SF
Asset Type
Development Site
Closing
Nov 4, 2020
AI
A development site in Downtown Brooklyn has been sold for a transaction price of $12,500,000. The property, located at 219 Jay Street, has a buildable square footage (BSF) of 37,500. This translates to a price per buildable square foot (PPBSF) of $333. The seller of the property was Bernard Dillenberger, while the buyer was Sam Alison-Mayne.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $12,500,000
- Address: 219 Jay Street
- Market: Downtown Brooklyn
- BSF: 37,500
- PPBSF: $333
- Seller: Bernard Dillenberger
- Buyer: Sam Alison-Mayne
The transaction was facilitated by Brendan Maddigan, Ethan Stanton, Stephen Palmese, Winfield Clifford, and Michael Mazzara from JLL, who represented both the buyer and the seller in the deal.
Players
New York 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93